Episode 234

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Published on:

22nd Mar 2025

Ulta Beauty Launches Marketplace – Game-Changer for Customers & Retail Media?

In the latest edition of Omni Talk’s Retail Fast Five, sponsored by the A&M Consumer and Retail Group, Mirakl, Simbe, Infios and Ocampo Capital Chris Walton and Anne Mezzenga discuss: Ulta Beauty going big with a new curated online marketplace—what does this mean for customers, loyalty, and retail media? Chris and Anne break down why this is a savvy move for Ulta, how Mirakl enables quick marketplace rollouts, and why 2025 is shaping up as the year of marketplace dominance in retail in this latest episode of the Omni Talk Retail Fast Five, brought to you by the A&M Consumer and Retail Group, Simbe, Mirakl, Ocampo Capital and Infios.

(0:02) – Ulta Beauty’s official marketplace announcement

(0:20) – “Curated” marketplaces—real or just marketing?

(1:02) – Why this is a smart move for Ulta’s customers

(2:08) – Retail media revenue and loyalty points as key drivers

(3:14) – The role of Mirakl in accelerating marketplace adoption

(4:30) – 2025: The year of the marketplace (Best Buy, Janie and Jack, Ulta)

(5:46) – Data value in high-frequency beauty purchasing

(6:03) – How Ulta’s platform could attract CPG advertisers


If you're in retail or beauty, this is one trend you can't afford to miss. Ulta's move could reshape the future of digital commerce in beauty and wellness.


For the full episode head here: https://youtu.be/K-LainhQQyY


#ultabeauty #ecommercetrends #retailinnovation #beautyindustry #retailmedia #customerloyalty #OmnichannelRetail #digitalcommerce #retailtech #beautytech



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Transcript
Speaker A:

Ulta Beauty is launching a third party marketplace.

Speaker A:

eduled to open in the fall of:

Speaker A:

The retailer said that the marketplace will be a curated platform offering.

Speaker A:

Is any marketplace ever not curated, by the way, and a curated platform offering?

Speaker B:

I think it's a dig towards Walmart.

Speaker B:

I think people just say curated platform because they're just like Walmart and Amazon will let anybody on the platform.

Speaker A:

Yeah.

Speaker B:

So that's what I get take from that side.

Speaker A:

I think it's a merchant thing too, honestly, too.

Speaker A:

I think it's both, I think.

Speaker A:

And they kind of cut from the same cloth too.

Speaker A:

But the platform will offer a quote cutting, will offer quote, cutting edge tools and powerful tech end quote.

Speaker A:

As well as dedicated support from a marketplace team.

Speaker A:

Ulta is accepting applications via a digital form on its site and said more information is coming soon.

Speaker A:

Ulta Beauty Marketplace also runs on a platform from digital marketplace technology provider Miracle, a longtime sponsor of this podcast, I might add.

Speaker A:

And what do you think is propelling Ulta to jump on the marketplace bandwagon?

Speaker A:

Like so many others?

Speaker B:

This is such a smart move because for the first time as an Ulta customer, it allows me to access all of the makeup and health and beauty and wellness products that I want in one spot.

Speaker B:

There's still, you know, it's just like the grow.

Speaker B:

It's very analogous to grocery.

Speaker B:

Like I, I can't get all my groceries at Kroger or at Walmart.

Speaker B:

I still make a stop at Trader Joe's or Sprouts or these other places.

Speaker B:

And that's still very much the case when it comes to beauty.

Speaker B:

And so what I love about this is that it allows me now to, you know, get the, the like luxury cosmetics brands that I shop at Ulta for.

Speaker B:

But then it also gives me access to all of these D2C brands.

Speaker B:

It also gives me access potentially to drug brands too.

Speaker B:

And I can use my Ulta loyalty points on this stuff like it's taking and making the best possible shopping experience for me.

Speaker B:

Not to mention there's all the money they can make from retail media from all of these new brands that they're bringing on their platform.

Speaker B:

And finally, I think the beauty of this is that never before has a retailer in this category been able to see some of the adjacencies that are happening with their brand, that with products that are outside their four walls.

Speaker B:

Like Ulta knows that I buy this moisturizer and this foundation and this concealer, but they haven't been able to see, like, what products am I shopping for in drug.

Speaker B:

What products am I shopping for online with like a specialty retailer?

Speaker B:

And so I think this is just creating a flywheel for Ulta that will just propel them into the future.

Speaker B:

And I, I absolutely love it.

Speaker B:

But Chris, I'm not the merchant of the group.

Speaker B:

So tell me what your thoughts are.

Speaker B:

Like, what are there complexities to this or things that I'm not thinking about when it comes to like the curated marketplace?

Speaker A:

No, I think you nailed, I think, I mean, I thought you, I thought you nailed it.

Speaker A:

I think you know what you're essentially getting at.

Speaker A:

And, and I was going to bring this up later, but you actually made me think about it now.

Speaker A:

I was going to bring it up in the fifth headline, but, you know, I go back to the podcast we did with Claire Cherry on investor perspectives in retail, and if you haven't listened to that, folks, it's a really great one.

Speaker A:

And she changed my thinking about many of the trends that are happening or at least opened my eyes to them.

Speaker A:

And you know, I think what you're getting at here is there's so much activity on social media, so many startup brands on kind of the hell, the kind of the food or beauty products as medicine kind of trend like to.

Speaker A:

For healthy, live, healthier living.

Speaker A:

Right?

Speaker B:

Yeah.

Speaker A:

So as a, as Ulta, there's no way that you can keep up on those.

Speaker A:

And there's no way also you don't want to invest in them on a national nationwide store rollout either.

Speaker A:

It's just silly.

Speaker A:

So you, but you want to give your customer access to those and that's essentially what they're doing here.

Speaker A:

So I don't know.

Speaker A:

And I come back to it.

Speaker A:

So the other point that I make too is we've talked about this being the year of the robot.

Speaker A:

My God, it's also the year of the marketplace.

Speaker A:

ee months, since the start of:

Speaker A:

And for me, I mean, ultimately, to me, I think the rationale for a marketplace is so simple for the reason, and it goes to what you were just saying, but they're much easier to do than they ever were before, you know, and hence because of companies like Miracle, they just make standing them up much, much easier.

Speaker B:

Right.

Speaker A:

Two, as a retailer, to your point, you don't own the inventory, so you can give your customers more options, which digital, as we've said, A thousand times.

Speaker A:

And you hit on this too, is about personalization and options, and therefore you get high added margin from doing this.

Speaker A:

And then third, which is the point we haven't really talked about yet, third is retail media.

Speaker A:

Like Ulta's growth is slowing.

Speaker A:

So it wants sales and retail media to be the bump to help juice its performance, clear and simple.

Speaker A:

And I think every retailer is starting to see that.

Speaker A:

And that's why you're seeing this growth.

Speaker A:

that's why, I mean, honestly,:

Speaker B:

Yeah, Yeah, I, I am very, very happy with this.

Speaker B:

And you're pumped about this?

Speaker B:

I am.

Speaker B:

Well, I just, I think that the loyalty angle is so smart too.

Speaker B:

Like, I think this is the category where loyalty really, really matters.

Speaker B:

And the points that you get, like, my, my purchasing decisions in the locations that I'm choosing to purchase from are driven by my loyalty points that are associated with, you know, with Ulta.

Speaker B:

So I' about that.

Speaker B:

And now that I have so much more to choose from from the online marketplace and being able to get all those brands in one spot, I think is, is another thing that you can't discount here with the, with the marketplace standing up.

Speaker A:

And to your point before too, like, if I know that.

Speaker A:

If I know.

Speaker A:

And so, like, for example, if I know you're buying a beauty product, like, I imagine there's some correlation there with what food you want to buy.

Speaker A:

So the CPGs are going to probably want to advertise on this platform from a retail media perspective.

Speaker A:

So.

Speaker A:

So, I mean, it just, it just gives so many angles to scale.

Speaker A:

You know, the retail media play as well.

Speaker A:

It's fascinating.

Speaker B:

Yeah, High frequency, it's like, it makes so much sense, especially coming out of grocery, like, this is the next high frequency place that you're purchasing over and over and over again.

Speaker B:

And so the data is, you know, almost as valuable now as grocery store data.

Speaker B:

It's like one of the second categories that people, after that, that people are shopping again and again and again.

Speaker B:

So.

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About the Podcast

Omni Talk Retail
Omni Talk Retail provides news, analysis, and commentary on the latest trends and issues in the retail industry
Omni Talk Retail provides news, analysis, and commentary on the latest trends and issues in the retail industry. It covers a wide range of topics related to retail, including e-commerce, technology, marketing, and consumer behavior. The podcast regularly features industry experts, Chris Walton and Anne Mezzenga, as well as retail thought leaders who all share their insights and perspectives on the latest developments in retail.

About your hosts

Anne Mezzenga

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Anne Mezzenga is an entrepreneurial Marketing Executive with nearly 20 years in the retail, experience design, and technology industries.

Currently, she is one of the founders and Co-CEOs of Omni Talk.

Prior to her latest ventures, Anne was most recently the Head of Marketing and Partnerships for Target’s Store of the Future project. Early in her career, Anne worked as a producer for advertising agencies, Martin Williams and Fallon, and as a producer and reporter for news affiliates NBC New York and KMSP Minneapolis.

Anne holds a BA in Journalism from the University of Minnesota – Twin Cities.

When Anne is not busy blogging, podcasting, or sharing her expertise with clients, she loves spending time with her husband and two boys and partaking in all the Minneapolis food scene has to offer.

Chris Walton

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