Target will acquire Shipt for $550 million. The deal will allow Target to offer same-day delivery at approximately half of its stores by early 2018, and the majority of Target locations by the 2018 holiday season. Groceries will be among the products available for same-day delivery at launch, and Shipt will continue expanding its partnerships with other retailers.
Lidl is abandoning plans to open stores in smaller U.S. markets such as Staunton, VA, East Lampeter Township, PA, and Austintown Township, OH, and put a location in Mantua Township, NJ, on hold. Customer traffic at Lidl’s new locations has slowed following its initial success, and the company will need to find ways to increase customer loyalty, according to industry analysts.
ShopRite Supermarkets Inc., a wholly owned subsidiary of supermarket cooperative Wakefern Food Corp., has opened the 55,000-square foot ShopRite of North Greenbush, its first store in New York’s Rensselaer County.
Stores in Columbus, Indianapolis and a few other nearby markets began rolling out the grocer’s Prep + Pared line last week.
The partnership allows the mega retailer and its Jet.com arm to sell kitchenware and appliances on the network’s video pages, challenging Amazon’s string of deals with recipe sites.
Dollar General’s 4.3% third quarter same store sales increase handily exceeded analysts’ estimates and the company disclosed a massive, even by Dollar General standards, 2018 real estate plan involving new and remodeled stores.
While prices, selection and philosophy may be doing more to bring shoppers to the California-based retailer known for its unique private label products now, the battle is far from over.
Target will expand its smaller-format store concept into new markets next year as part of a push to grow the concept from 59 to 130 locations over the next two years. The retailer will open a 54,700-square-foot store in Dallas and two smaller locations in the Massachusetts towns of Burlington and Cambridge.
The Kroger Co.’s efforts to deliver a seamless shopping experience appear to be paying off as the nation’s largest traditional grocer reported a strong third quarter for its 2017 fiscal year.
Walmart’s decision to test charging higher prices for products sold online vs. in-store is good news for the future of supermarket online sales even if it runs the risk of slowing growth – something that’s very important to the company.