target buys sameday delivery service for 550 mn
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Target buys same-day delivery service for $550 mn

Arab Today, arab today

Arab Today, arab today Target buys same-day delivery service for $550 mn

Target's move comes as shoppers increasing turn to the internet
San Francisco - Arab Today

Target said Wednesday it was acquiring same-day grocery delivery service Shipt for $550 million, helping the US retail titan step up its challenge to Amazon and its recently acquired Whole Foods supermarket chain.

The retailer said it planned to combine its network of stores with Shipt technology to quickly delivery its array of products.

"With Shipt's network of local shoppers and their current market penetration, we will move from days to hours, dramatically accelerating our ability to bring affordable same-day delivery to guests across the country," said Target chief operating officer John Mulligan.

"By the 2018 holiday season, we will be servicing every major market across the country."

Founded three years ago in Alabama, Shipt is a membership-based grocery marketplace that uses "personal shoppers" to fill online orders from shops.

Shipt will become a Target subsidiary and continue to operate an independent business, according to a release.

"Partnering with Target and the national scale they provide allows Shipt to further accelerate our growth, bringing our service to more people, in more markets across the country,? said Shipt founder and chief executive Bill Smith.

"We'll continue growing our marketplace and membership base, working with a variety of retailers to drive scale and efficiencies."

Target's move comes as shoppers increasing turn to the internet, where Amazon offers speedy free delivery of many items with subscriptions to its Prime service.

Amazon has become a fearsome competitor in several sectors, having grown from its online retail roots to cloud computing, streaming video, artificial intelligence and more.

Target has 1,834 stores selling items ranging from apparel to electronics to groceries, and is a rival of Wal-Mart, which recently acquired Amazon competitor Jet.com to boost its online shopping services.

Shipt is a rival of Instacart and similar "on demand" services which rely on personalized shoppers.

Source:AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

target buys sameday delivery service for 550 mn target buys sameday delivery service for 550 mn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

target buys sameday delivery service for 550 mn target buys sameday delivery service for 550 mn

 



GMT 09:26 2017 Wednesday ,06 September

Kuwait condemns violations against Muslims in Myanmar

GMT 08:57 2017 Thursday ,06 April

Turkey says chemical weapons used in Syria attack

GMT 22:47 2016 Saturday ,17 December

Ajman to host International Pro Jiu-Jitsu Championship

GMT 14:52 2018 Friday ,14 December

Michel Aoun meets Rahi in Baabda

GMT 09:20 2017 Thursday ,13 April

Trump Discusses Syria Strikes with Merkel and May

GMT 06:07 2017 Tuesday ,14 February

Rain hits UAE, major traffic jams follow

GMT 12:01 2017 Thursday ,28 September

Ben Stokes included in England's Ashes squad

GMT 14:45 2017 Thursday ,16 March

El Jaish Win Qatar Men's Basketball League

GMT 12:27 2017 Tuesday ,01 August

Tangier Charms Gabonese President Ali Bongo

GMT 02:35 2017 Saturday ,04 February

Sharif calls for solution to Palestinian issue

GMT 08:45 2017 Friday ,03 November

Apple delivers higher profit

GMT 11:27 2017 Wednesday ,08 February

First Turkish minister visits Israel since 2010

GMT 02:11 2017 Friday ,08 December

Princess Sabeeka receives UN Women executive director

GMT 12:43 2017 Saturday ,25 February

Shaikh Nasser following up on injured rider's health

GMT 05:20 2017 Tuesday ,24 October

Anti-Kremlin activist Browder blocked from US

GMT 21:16 2017 Sunday ,26 February

Two German archaeologists kidnapped in Nigeria freed

GMT 22:48 2016 Wednesday ,30 November

Egypt wins EuroMed Postal Union membership

GMT 07:11 2017 Thursday ,09 February

Portuguese president has lunch with refugees

GMT 11:33 2017 Sunday ,03 December

After hot debate, US tax bill a boon to businesses
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday