Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling
By A Mystery Man Writer
Description
Target Corp. has agreed to purchase grocery-delivery startup Shipt Inc. for $550 million, stepping up its challenge to .com Inc. and Walmart Inc. by speeding the rollout of same-day shipping.
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://image.cnbcfm.com/api/v1/image/106868313-1618422432589-Store_Hourly_hero.jpg?v=1618422639&w=1920&h=1080)
Target tests new approach to get packages to customers faster
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://www.sostocked.com/wp-content/uploads/2023/11/SFP-Prequalification-Criteria-1024x571.png)
Top Seller News
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://upload.wikimedia.org/wikipedia/commons/4/47/Walmart_7.jpg)
Walmart - Wikipedia
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://assets.isu.pub/document-structure/230405174051-fca761d7b16dead18bdc6afaf7912d5c/v1/f1487e4bfb8b60445d2d9d8cbef8e8b2.jpeg)
CSN-0423 by ensembleiq - Issuu
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://www.modernretail.co/wp-content/uploads/sites/5/2019/06/target-store.jpg?w=998&h=600&crop=1)
Target is using its stores for same-day delivery and online order fulfillment - Modern Retail
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://anthonysmoak.files.wordpress.com/2018/02/walmart-technology-review.jpg?w=1200)
Strategy / Organizations, Smoak Signals
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://image.cnbcfm.com/api/v1/image/106898669-1623931220779-gettyimages-1183440989-TARGET_EARNS.jpeg?v=1623931276&w=720&h=405)
Shipt is an underappreciated growth engine for Target's sales
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://wwd.com/wp-content/uploads/2017/08/target1.png?w=1000&h=563&crop=1)
Target Pays $550 Million in Cash for Same-Day Delivery Platform
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://image.cnbcfm.com/api/v1/image/104938864-Shipt_headquarters_Birmingham.jpg?v=1515606301&w=1920&h=1080)
How Bill Smith built Shipt and sold it to Target for $550 million
![Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling](https://mma.prnewswire.com/media/597598/Target_Corporation___Logo.jpg?p=facebook)
Target to Acquire Same-Day Delivery Platform Shipt, Inc. to Bolster Fulfillment Capabilities
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