By and  on February 14, 2013

The beauty retailing industry was rocked for the second time in a week when Chuck Rubin, Ulta Beauty’s president and chief executive officer, said Thursday he will leave his post for the top job at Michaels Stores Inc., effective Feb. 21.

Rubin is the second top-tier merchant to flee the beauty space. On Monday, Walgreen Co.’s Joe Magnacca, the architect of Duane Reade’s upscale and ground-breaking beauty concept Look Boutique, assumed the ceo role at RadioShack Corp.

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