Target acquiring Shipt for $550 million
AL.com – Birmingham Business News
Target today announced it is acquiring Birmingham-based online delivery platform Shipt for $550 million in cash, with an ambitious plan to use the firm to transform its capabilities. Target says the deal "significantly accelerates" the company's digital fulfillment efforts, bringing same-day delivery services to guests at approximately half of Target stores by early 2018, and in all major markets by the 2018 holiday season. Target expects to offer same-day delivery of groceries, e…