Ulta Beauty Strikes New Deal With Target
Beauty retailer Ulta Beauty (NASDAQ: ULTA) and Target (NYSE: TGT) announced Tuesday a new strategic partnership that will create "Ulta Beauty at Target" shops inside select Target locations and on Target's website beginning next year.
The "shop-in-shop" concept will place scaled-down versions of the Ulta store adjacent to the existing beauty section of the Target stores. At approximately 1,000 square feet of retail space, the Ulta Beauty at Target shops will be about 10% the size of typical stand-alone Ulta stores.
Source Fool.com
