Ulta Beauty shop-in-shops coming to 100 Target stores in 2021

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Target Corp. and Ulta Beauty Inc. announced Tuesday that they have partnered to bring beauty shops to 100 Target locations during the second half of 2021. The companies expect that Ulta Beauty at Target will expand to hundreds more locations; items will also be available online. The 1,000-square-foot shops-in-shops will be located near Target’s existing beauty section, and workers have been trained in prestige beauty to help customers in those shops. Target stock has gained nearly 21% for the year to date. Ulta Beauty shares have dipped 2.4%. And the S&P 500 index is up 9.9% for the period.
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