Target Acquires Alabama Grocery Delivery Startup for $550M to Compete In Same-Day Delivery
Birmingham, AL-based Shipt, a three-year-old grocery delivery company that competes with Instacart and AmazonFresh, has been acquired by Target for $550 million in cash. The acquisition of Shipt’s delivery platform and on-demand shopper network will help Target compete with the likes of Amazon, along with recently rolled out same-day