Target is moving in a big way into the grocery delivery business. The retail giant is spending 550-million dollars to buy same-day delivery service Shipt.
Shipt is seen as a rival to online delivery platform Instacart.
Target’s chief operating officer says the purchase of Shipt means dramatically bringing affordable same-day delivery of groceries, home furnishings, electronics and other products to customers across the country.
It all starts in 2018.