The Business Times
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Target to buy Shipt for US$550m as it steps up challenge to Amazon

Published Thu, Dec 14, 2017 · 09:50 PM

New York

TARGET agreed to purchase grocery-delivery startup Shipt for US$550 million, stepping up its challenge to Amazon.com by speeding the rollout of same-day shipping.

The all-cash deal will let Target customers order groceries and other goods online, and then have the items sent directly to their doors from nearby Target stores.

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