Amazon Beauty Store for Professionals is a new service that just launched.

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Here’s what to know about the new Amazon (NASDAQ:AMZN) store.

• As the name implies, this is a store for professionals in the beauty industry.
• This means is carries products that will be relevant to salons and stylists.
• The new Amazon Beauty Store for Professionals includes several different categories for customers to shop in.
• This includes Hair Color, Hair Care, Styling, Hair Tools, Treatments, Nails and Salon Accessories.
• Professionals in the beauty industry will have to submit their beauty license to gain access to all of the benefits of the new store.
• The new Amazon Beauty Store for Professionals is part of the company’s Amazon Business service.
• This service provides businesses with discounts on bulk orders if they sign up for an account through the e-commerce company.
• The launch of the new Amazon Beauty Store for Professionals is a bad sign for rival beauty companies.
• This has resulted in some of them seeing their stocks move today.
• That includes Ulta Beauty (NASDAQ:ULTA) and Sally Beauty (NYSE:SBH).

You can follow this link to check out the new Amazon Beauty Store for Professionals for yourself and see if it will fit your needs.

AMZN stock was down 1%, ULTA shares started out down, but have now recovered. SBH stock was also down this morning, but is now up 2% as of noon Tuesday.

As of this writing, William White did not hold a position in any of the aforementioned securities.