According to a joint release issued Thursday, the companies said they have “mutually agreed” not to renew their pact, which concludes in August 2026. Until then, the Ulta Beauty experience at Target will continue in Target stores and on Target.com, the release said.

Target and Ulta Beauty are ending their years-long partnership. More than 600 Ulta mini-beauty shops have operated within Target stores since 2021.

The two publicly listed companies said they have mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 202