Ulta Reportedly Ditching Southdale for Richfield Location

, a beauty supply retailer and salon currently located on the south side of Edina's , is reportedly set to move across the border to Richfield.

The Minneapolis/St. Paul Business Journal is reporting Ulta will take over vacated space in the Richfield Best Buy store in the Shops at Lyndale as part of a Best Buy's new "Connected Stores" format.

The space that Ulta will take over is roughly 20 percent of the existing Best Buy store's space. Both stores have reportedly signed new 10-year leases at the Richfield shopping center.

A exact date for the move has not been given.

The "Connected Stores" model is a redesign of the company's current big-box concept. Stores, like Richfield's, will be trimmed down and focus on portable electronics—such as tablets and e-readers—and feature a central knowledge desk where people can get things like wireless plans for cell phones. According to NPR, these services, along with warrantee sales, are major money makers for the company.

Spokeswoman Kelly Groehler confirmed that the retailer already has begun work to renovate the Richfield store, but declined to comment on the company's plans for its remaining Minnesota stores, according to the business journal. As announced late last week, five Best Buy stores in Minnesota——will be closing this fall.