Target is selling Dermstore, a high-end skincare and beauty retailer, to a U.K. ecommerce company. “The deal comes as Target is about to embark on a major beauty initiative,” per
Drug
Store News. “In November, the discounter and Ulta Beauty entered into a deal to open Ulta-branded makeup and skincare shops inside hundreds of Target stores nationwide. Target will also
offer an online version of the Ulta experience on its website.”
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