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Target Acquires Shipt

$550 million deal is all about same-day delivery.

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By: Christine Esposito

Editor-in-Chief

Target Corp. has agreed to acquire Shipt, Inc., an online same-day delivery platform, for $550 million in cash. Target will leverage its network of stores and Shipt's proprietary technology platform and community of shoppers to quickly and efficiently bring same-day delivery to guests across the US.   The acquisition significantly accelerates Target's digital fulfillment efforts, bringing same-day delivery services to guests at approximately half of Target stores by early 2018. The s...

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