Target and Ulta announce breakup
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 August 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
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.
Transcript
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| 1:00.9 | How people with psychiatric conditions end up in nursing homes. |
| 1:06.4 | 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. |
| 1:16.9 | 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. |
| 1:25.4 | The budget deficit is increasing, oil and gas revenues are |
| 1:30.5 | decreasing, many branches of industry are approaching recession. The Russian newspapers write |
| 1:36.6 | about this all the time, even in a very controlled media landscape. It's very difficult to hide |
| 1:41.7 | that. So I wonder whether this is the moment that Vladimir Putin |
| 1:45.6 | has decided, well, the economic situation isn't great. Perhaps there's less money. Perhaps this is |
| 1:52.1 | the moment to make concessions, to make compromise. The BBC's Steve Rosenberg, Target stores, |
| 1:59.9 | and Alta Beauty have announced the corporate equivalent of what you |
| 2:02.6 | might call a conscious uncoupling. Their store within a store partnership goes back to 2021, but within |
| 2:09.7 | one year, the 600 mini-UALTA shops inside Target will go. Marketplace's Matt Levin has that. |
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