Target has a new $550 million weapon to defeat Walmart and Amazon

pulse

December 13, 2017 6:19 PM

Acquiring Shipt will help supercharge Target's same-day delivery efforts.

a platform that enables same-day delivery.
The acquisition will allow Target to deliver groceries, furniture, and other products the same day that customers order it.
Shipt will continue to work with other retailers for now.

Target has announced it is acquiring the delivery platform Shipt, drastically increasing the retailer's ability to make same-day deliveries across the US.

With a price of $550 million, it's one of the largest acquisitions in Target's history, the retailer said.

Shipt will supercharge Target's same-day delivery efforts, enabling same-day delivery at half of Target stores by early next year. Target's plan is to have a same-day delivery offering in almost all stores and all major cities across the US by the 2018 holiday season.

For now, same-day delivery will be limited to

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