Financial News

Ulta Beauty Ends Target Partnership

The five-year agreement will expire August 2026.

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By: Lianna Albrizio

Associate Editor

Ulta Beauty will not renew its Ulta Beauty at Target shop-in-shop partnership when the current agreement expires in August 2026.

In the interim, the Ulta Beauty at Target experience will continue in Target stores and on Target.com.

“We’re proud of our shared success with Ulta Beauty and the experience we’ve delivered together,” said Rick Gomez, executive vice president and chief commercial officer, Target. “The magic of shopping for beauty at Target is the combination of on-trend products that delight consumers with an inspiring and convenient shopping experience. We look forward to what’s ahead and remain committed to offering the beauty experience consumers have come to expect from Target – one centered on an exciting mix of beauty brands with continuous newness, all at an unbeatable value.”

Since launching in 2021, Ulta Beauty at Target has expanded access to prestige beauty and offered beauty enthusiasts the benefit of linking their Ulta Beauty Rewards and Target Circle accounts for added convenience and value. Guests with linked rewards accounts will continue to earn Ulta Beauty Rewards on eligible Ulta Beauty at Target purchases until August 2026.

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