Macy's, Ulta Beauty edge higher as rival retailer Saks Global's troubles pile, analyst says

Shares of department store chain Macy's M.N and cosmetics retailer Ulta Beauty ULTA.O rise 6% and ~1%, respectively

Including session moves, ULTA up for four consecutive sessions, while M up in four of the last five sessions

Macy's-owned high-end department store chain Bloomingdale's could stand to gain some share from ongoing inventory and cash flow troubles at direct competitor Saks Global, says Morningstar Research analyst David Swartz

Bloomingdale's has likely already benefited from Saks' weakness over last year, Swartz says

Ulta could also benefit from demand for higher-end cosmetics and fragrances at its stores if Saks goes under, the analyst adds

In 2025, M up 30%, while ULTA up 39%