Target just bought on-demand delivery startup Shipt for $550 million
As grocery stores scramble to figure out online delivery strategies, Target is placing a $550 million bet on Shipt, according to Bloomberg. The Birmingham, Alabama, startup provides same-day delivery of groceries using an on-demand workforce. Earlier this year, when Amazon bought natural grocer Whole Foods, grocery retailers made pre-emptive moves to set up competitive delivery …
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As grocery stores scramble to figure out online delivery strategies, Target is placing a $550 million bet on Shipt, according to Bloomberg. The Birmingham, Alabama, startup provides same-day delivery of groceries using an on-demand workforce.