Why Ulta Beauty is closing hundreds of store-in-stores in 2026: Is your location on the doomed list?
Until then, Ulta Beauty products will continue to be sold in Target stores and online at Target.com.
Ulta Beauty has an estimated 600 in-store, or 'shop-in-shop' locations at Target, at nearly a third of Target's 1,981 U.S. stores, according to CNBC. Fast Company has reached out to both companies for additional information about the timeline and locations of the closures.
Shares in both stocks fell on the news, with Ulta Beauty (NASDAQ: ULTA) down about 1% and Target Corporation (NYSE: TGT) down nearly 2% in early and midday trading on Thursday.
Since launching four years ago in 2021, Target's partnership with the beauty retailer, which sells everything from cosmetics to skin and hair care products, was a way to increase foot traffic in Target's stores, while giving Ulta a way to expand its customer base.
Target, like many big box retailers, is seeing slower growth and softer sales fueled by high prices, inflation, and changing consumer habits—which have prompted fewer Americans to shop in stores as they gravitate online. The retailer also faced consumer boycotts over its rollback of DEI policies earlier this year.
'For 35 years, Ulta Beauty has revolutionized how people experience beauty—bringing together an unmatched assortment from mass to luxury—and our partnership with Target was one of many unique ways we have brought the power of beauty to guests nationwide,' Amiee Bayer-Thomas, chief retail officer at Ulta Beauty said in a press release. 'As we continue to execute our Ulta Beauty Unleashed plans, we're confident our wide-ranging assortment, expert services and inspiring in-store experiences will reinforce our leadership in beauty and define the next chapter of our brand.'
That release said customers with Ulta Beauty rewards and Target Circle-linked accounts will continue to earn Ulta Beauty rewards on eligible Ulta Beauty at Target until August 2026.
Target and Ulta Beauty by the numbers
In its latest earnings results for the first quarter of 2025, ending on May 3, Ulta Beauty reported net sales increased 4.5% to $2.8 billion compared to $2.7 billion the year prior, primarily due to increased comparable sales and new store contribution, and partially offset by a decrease in other revenue. The company has a market capitalization of $23.77 billion.
Target, which reports second quarter earnings next week, missed first quarter revenue expectations for the period ending May 3, with revenue coming in at $23.85 billion, falling short of $24.27 billion estimates. The company reported earnings per share (EPS) of $1.30 adjusted, missing analyst estimates of $1.61. At the time, the retailer cut its full-year sales outlook, with sales down 3% compared with the same period a year ago. Target has a market capitalization of $47.14 billon.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Amazon (AMZN) Gets Price Target Hike After Strong Quarterly Performance
Inc. (NASDAQ:) is one of the . On August 11, Freedom Broker analyst Egor Tolmachev raised the price target on the stock to $255.00 (from $240.00) while maintaining a Hold rating. The investment bank noted how Amazon has delivered strong financial results for the second quarter, surpassing both market expectations and its own guidance across all segments. Retail efficiency gains were particularly noted. The firm did note that AWS performance was mixed and Q3 profit forecast was cautious. Nevertheless, it revised its financial forecast based on its confidence in the company's ability to mitigate geopolitical risk and monetize continued logistics improvements. 'Q3 guidance came in well above revenue expectations but below profit forecasts, marking a second area of perceived weakness in the release. We view this as prudent management positioning in light of heightened geopolitical uncertainty. We have revised our financial forecasts upward, reflecting confidence in Amazon's ability to mitigate geopolitical risk and monetize continued logistics improvements. Despite the negative share price reaction, we see upside potential and reiterate our Buy rating, raising our target price from $240 to $255.' Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
15 minutes ago
- Yahoo
Hedge funds shift bets to double down on Big Tech amid AI boom
By Anirban Sen and Carolina Mandl NEW YORK (Reuters) -Wall Street's largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom in the growth of artificial intelligence. During the June quarter, hedge funds cut their exposure to laggards in industries like aerospace and defense, and consumer and retail, as part of a broader move back to momentum investing. It marks a big shift from earlier this year when bets on Big Tech had soured for top money managers due to tariff-fueled volatility in financial markets, with investor concerns around rising inflation and fears of a bubble in AI triggering a sell-off in "Magnificent Seven" stocks. Since then, tech stocks have staged a big comeback. The S&P 500 is up 10% so far this year, buoyed largely by the largest tech companies, which account for nearly a third of the combined market cap of companies on the index. Outside technology, some hedge funds, such as Lone Pine and Discovery, also bet on UnitedHealth Group. Berkshire Hathaway and Michael Burry's Scion Asset Management also unveiled bets on the insurer, while Soros Fund Management boosted an existing position. Shares in UnitedHealth are down 46% this year, as the company faces rising costs, a U.S. Department of Justice probe, a cyberattack and the shooting of former top executive Brian Thompson last December. The fund's positions were revealed in quarterly securities filings known as 13Fs. While backward-looking, these filings typically reveal what funds owned on the last day of the quarter and are one of the few ways hedge funds and other institutional investors have to declare their positions. Below are the details of the changes in the holdings of the top hedge funds: BRIDGEWATER ASSOCIATES Bridgewater Associates added more shares in Nvidia, Alphabet and Microsoft in the second quarter. The macro hedge fund founded by Ray Dalio more than doubled its bets in Nvidia. It ended June with 7.23 million shares in the chipmaker, or 154.5% more than it had at the end of March. Nvidia was Bridgewater's biggest bet in a single stock, totaling $1.14 billion. Its holdings in Alphabet and Microsoft went up by 84.1% and 111.9%, respectively, amounting to $987 million and $853 million. Other AI-related stocks added were Broadcom (+102.7%), to 317.8 million shares, or $317 million, and Palo Alto Networks (+117%), to 313.8 million, or $314 million. DISCOVERY CAPITAL Discovery Capital, whose founder Rob Citrone has recently been bullish on Mexico's America Movil due to its exposure to Latin America, doubled its stake in the wireless provider during the second quarter. For the quarter ended June 30, the fund amassed another 2.65 million shares, valuing its current holding in America Movil at about $95 million. Citrone's hedge fund, which generated a 52% windfall on its investments last year, has increased its exposure to Latin America as part of a strategy to diversify from U.S. holdings. During the quarter, Discovery increased its holdings in Big Tech, as it more than doubled its stake in Meta Platforms, the parent company of Facebook, while also betting on booming demand for AI as it took a new position in Nvidia-backed cloud provider CoreWeave. The hedge fund also increased its position in UnitedHealth by 13%. TIGER GLOBAL MANAGEMENT Tiger Global Management bought more stocks in some Magnificent Seven companies in the second quarter, including Alphabet, Nvidia, Microsoft and Meta, its 13Fs showed. Chase Coleman's hedge fund added roughly 4 million shares of Amazon and ended June with roughly 10 million shares, worth $2.34 billion. The fund also increased its bets in smaller AI-players. It added over 800,000 shares in chip-making equipment supplier Lam Research Corp, ending June with 5.26 million shares, valued at $512 million. COATUE MANAGEMENT Many changes in Philippe Laffont's Coatue Management portfolio were also around AI-related stocks. It unveiled new positions in both Arm Holdings and Oracle, adding stakes worth roughly $750 million and $843 million, respectively. Both companies have boosted AI-related business initiatives. Coatue also increased its holdings in Nvidia-backed CoreWeave, adding 3.39 million shares in the second quarter, with its stake in the company worth $2.9 billion. LONE PINE Lone Pine Capital took a new position in UnitedHealth Group, buying up 1.69 million shares worth about $528 million during the June quarter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
JLL arranges $352.7M financing for Fundrise National Industrial Portfolio
The 12 institutional-quality assets span 3.18M SF across strategic logistics hubs nationwide WASHINGTON, Aug. 14, 2025 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $352.7 million financing package for Fundrise National Industrial Portfolio, a collection of 12 institutional-quality industrial buildings totaling approximately 3.18 million square feet across multiple high-growth markets throughout the U.S. JLL represented the borrower, affiliate funds of Fundrise, to secure a loan from Goldman Sachs and TPG Real Estate Credit. The portfolio includes 12 properties strategically positioned across key logistics corridors in the Mid-Atlantic and Sunbelt. The properties showcase institutional-quality specifications, including LED lighting, ESFR sprinkler systems, cross-dock configurations and clear heights ranging from 23 feet to 40 feet. The portfolio is currently leased to tenants representing a variety of industries, including third-party logistics, distribution services and technology. "We are excited to continue expanding our relationship with the team at Goldman Sachs and to begin a new one with TPG," said Brandon Jenkins, COO of Fundrise. "This financing will enable us to advance our long-term business plan for the industrial portfolio, create value for our investors and capitalize on the strong macro tailwinds in the industrial sector today." The JLL Debt Advisory team was led by Managing Director Robert Carey, Senior Managing Director Carl Beardsley, Senior Director Jason Carlos and Associates Gus Caiola and Patrick Wu. "This portfolio represents a compelling investment opportunity, offering both geographic diversification and strong income stability from a quality tenant roster," said Carey. "The strategic locations near major transportation networks, including international airports and key interstate corridors, position these assets to benefit from continued logistics demand." JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. For more news, videos and research resources, please visit JLL's newsroom. About JLLFor over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit About FundriseWith more than 2 million users, Fundrise is the largest direct-to-investor alternative asset manager in the country. For 10+ years, our mission has been to use technology to build a better financial system for the individual. We build software that enables us to develop and deliver investments designed to give our clients a performance edge in any economic environment. Our $3+ billion in assets under management include investment vehicles focused on real estate private equity, private credit, and growth equity. You can learn more about Fundrise at About GoldmanGoldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. Contact: Grace Lewis, JLL PRPhone: +1 903 520 3478Email: View original content to download multimedia: SOURCE JLL Sign in to access your portfolio
