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Target acquires Shipt, will roll out $99/year, same-day delivery

Created in 2014, Shipt lets members order groceries online from various supermarkets and then sends a shopper to pick up and delivery the items on the same day.

Shipt is based in Birmingham, Alabama, and already has partnerships with some of the big grocery chains across the country, including Costco, Kroger, Publix, and HEB.

Using Shipt's infrastructure, Target expects to offer same-day delivery of groceries, household essentials, and electronics in half of its stores across the country by the summer of 2018.

Target plans to offer the service at the majority of its stores by the 2018 holiday season and will expand the products that can be ordered for same-day delivery through 2019.

Shipt already charges $99 per year for members to get unlimited same-day grocery deliveries, and according to a Bloomberg report , Target plans to use that same pricing model for now.

READ MORE (Ars Technica)

  • Today's Top Supply Chain and Logistics News From WSJWall Street Journal
  • Target buys Shipt for $550M, will offer same-day grocery
  • Target Buys Grocery Delivery Company Shipt For $550MCBS Minnesota / WCCO
  • In brief: Target to buy Shipt for $550 millionPittsburgh Post-Gazette
  • Target aims to boost same-day delivery by acquiring ShiptWTNH Connecticut News (press release)
  • Target's Shipt acquisition reflects changing shipping trendsBusiness Insider
  • Target to Buy Grocery Delivery Startup Shipt for $550 MillionFox Business
  • The Briefcase: Novant Health's available on Amazon's AlexaWinston-Salem Journal
  • Target (TGT) PT Raised to $63 at UBS on $550M Shipt Deal; 'Acquisition

This post first appeared on The 5th News, please read the originial post: here

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Target acquires Shipt, will roll out $99/year, same-day delivery


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