Target to Acquire Same-Day Delivery Platform Shipt, Inc.

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.

Full story