Target reports Q2 adjusted EPS of $2.05, beating estimates despite a sales dip. The retailer maintains its cautious outlook as it plans for beauty's future post-Ulta.

A shop-in-shop deal ends as both companies turn attention back to retail basics. Analysts weigh in on the move while Bank of America downgraded Target.

Behind the corporate spin, Target workers had already blown the whistle on Reddit weeks earlier, detailing a partnership in crisis.

Target and Ulta Beauty's retail partnership will officially end in August 2026 after staff exposed crippling theft of up to $10k a month, chronic understaffing, and a lacklustre shopping experience.

(CNN)– Target and Ulta beauty are ending their years-long partnership. More than 600 Ulta mini-beauty shops have operated within Target stores since 2021. Ulta’s merchandise was also added to Target’s website. In a statement, Target says they are proud of the experience the companies delivered together.

Ulta Beauty, the largest cosmetics retailer in the U.S. announced Thursday it is ending its partnership with Target. An announcement from the company says the brands mutually agreed to end the Ulta Beauty at Target shop-in-shop partnership that launched in 2021.

Ulta Beauty and Target Corporation announced on Thursday they won’t be renewing their in-store partnership, which ends a year from now in August 2026. Until then, Ulta Beauty products will continue to be sold in Target stores and online at Target.com.