Target turns Ulta's empty spaces into a beautiful opportunity
Reported by Seeking Alpha · seekingalpha.com · August 18, 2026
Target (TGT) launches Target Beauty Studio in 600 former Ulta spaces, adding prestige brands and rewards.
What the tape says
What to watch: Watch downstream inventory builds; restocking cycles often precede sector-wide multiple expansion.
Market reaction today: $TGT +2.69%
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