Target’s Shipt same-day delivery service will expand to take on Amazon and Walmart [The Verge]
Walmart Inc. (WMT)
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Source: The Verge
Shipt, the same-day grocery delivery service acquired by Target last year, has announced plans to expand into more cities and offer a wider product selection starting in 2019. The company told TechCrunch that the service will begin deliveries of “all major product categories” next year, expanding from groceries and home goods into clothing, beauty products, and more. Shipt employs shoppers to pick up items and deliver them to customers in as little as one hour. The service currently excludes clothing, shoes, accessories, bedding, bath, and entertainment items from deliveries, but it appears that’ll change next year with the company’s expansion plans. Shipt says it’s now available in 200 markets across 46 states, and will continue to expand to new markets, though it hasn’t specified which cities yet. Target Today’s news is yet another sign of the competition between retail giants like Target, Walmart, and Amazon heating up as they try to lure shoppe
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WMT
Earnings
- 2/20/24 - Beat
WMT
Sec Filings
- 5/9/24 - Form 4
- 5/7/24 - Form PX14A6G
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- WMT's page on the SEC website