Target Acquiring Same-Day Delivery Service Shipt for $550 Million to Fend Off and Walmart - Modern Materials Handling

By A Mystery Man Writer

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.

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Target is buying Alabama-based, same-day delivery service Shipt for $550 million