Target slashes delivery fee, pressuring Walmart, Amazon [MSN Money]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: MSN Money
Target will cut its next-day delivery fee nearly in half for household staples ranging from paper towels to peanut butter as it rolls the service out to shoppers nationwide. Load Error Starting this week, customers purchasing household staples through the discount department store chain's Restock service will pay a $2.99 delivery fee instead of $4.99. And those who buy items with Target’s branded credit/debit card won’t pay anything extra at all. The change comes at a time when shoppers have grown used to the speed and convenience pioneered by e-commerce giant Amazon, turning delivery into a prime battleground for retailers. In addition to slashing fees, Target, like rival Walmart, says that it's tapping its network of stores to more quickly fulfill orders and shrink the time it might take for products to be delivered from a far away warehouse. “We believe that if we can utilize our stores as a hub. .. we can unlock a great deal of speed and value,'' says
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TGT
Earnings
- 3/5/24 - Beat
TGT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- TGT's page on the SEC website