4.5 • 808 Ratings
🗓️ 15 August 2025
⏱️ 7 minutes
🧾️ Download transcript
Target and Ulta have announced an end to their partnership, effectively closing hundreds of Target-based Ulta locations opened since 2021. We look at how differing business models and clientele led to the breakup. Then, a report on the latest developments from the Trump-Putin summit in Alaska. And finally, we delve into a new report that explores why many hospital patients suffering from mental illness are discharged into nursing homes.
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0:00.0 | How people with psychiatric conditions end up in nursing homes. |
0:06.8 | I'm David Brancaccio in Los Angeles. First, international economic sanctions on Russia and the meeting in Alaska later today between President Trump and Putin. |
0:16.9 | In Anchorage, Steve Rosenberg, Russia editor with our newsroom partners, the BBC, says the state of the Russian economy may be part of the timing here. |
0:25.8 | The budget deficit is increasing. Oil and gas revenues are decreasing. Many branches of industry are approaching recession. |
0:35.3 | The Russian newspapers write about this all the time, even in a very |
0:38.3 | controlled media landscape. It's very difficult to hide that. So I wonder whether this is the |
0:44.4 | moment that Vladimir Putin has decided, well, the economic situation isn't great. Perhaps there's |
0:50.8 | less money. Perhaps this is the moment to make concessions, to make compromise. |
0:56.5 | The BBC's Steve Rosenberg. Target stores, and Alta Beauty have announced the corporate equivalent of what you might call a conscious uncoupling. |
1:05.4 | Their store within a store partnership goes back to 2021, but within one year, the 600 mini-Ultta shops inside Target will go. Marketplace's Matt Levin has that. |
1:16.1 | When Target and Alta announced they were shacking up together, not so long after the pandemic hit, it was one of those couples that made sense on paper. |
1:24.4 | Target was gaining a major brand in the beauty and wellness space that could bring higher-end |
1:28.6 | products to its shelves. And also was broadening its geographic footprint with a brick-and-mortar |
1:33.7 | behemoth whose sales were soaring. But just like people, companies change. We saw Target at the |
1:41.1 | height of where they were at. they're not at their place anymore. |
1:45.2 | Olivia Johnson is a retail professor at the University of Houston. |
1:49.6 | When your partner starts to gain a little way or their hair line starts to receive, |
1:54.3 | you start to wonder, do I sign up for this forever? |
1:59.1 | Inflation and political controversy have caused lackluster sales at Target the past couple years. |
2:05.0 | Neither Target nor Ulta agreed to an interview request. |
2:08.6 | Jenny Lou at the Yale School of Management says, while the Alta Target marriage was built on the idea of convenience, |
2:15.1 | Alta customers often go to stores for haircuts or a consultation with a |
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