BofA Securities Downgrades Target (TGT) to Underperform

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Ulta Beauty and Target Announce Plans to Conclude Partnership in 2026

August 14, 2025 9:00 AM EDT

BOLINGBROOK, Ill. & MINNEAPOLIS--(BUSINESS WIRE)-- Today, Ulta Beauty (NASDAQ: ULTA) and Target Corporation (NYSE: TGT) announced that they have mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. Until then, the Ulta Beauty at Target experience will continue in Target stores and on Target.com.

Since launching in 2021, Ulta Beauty at Target has expanded access to prestige beauty and offered beauty enthusiasts the benefit of linking their Ulta... More