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Target is betting on a lot more online shopping from its customers. According to a <a href="https://www.fastcasual.com/articles/wow-bao-becomes-1st-chain-to-leverage-eatsa-technology/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-target-to-buy-grocery-delivery-service-shipt-for-550-million-2705023" target="_blank" rel="nofollow">recent CNBC article</a>, the company is planning to acquire same-day delivery service platform Shipt for $550 million. After big announcements from Amazon and Walmart this year, Target hopes to compete in the industry of quick delivery, including groceries.

&quot;With Shipt&#39;s network of local shoppers and their current market penetration, we will move from days to hours, dramatically accelerating our ability to bring affordable same-day delivery to guests across the country,&quot; said Target Chief Operating Officer, John Mulligan.

Early next year, Target will be offering same-day delivery for groceries, electronics and home furnishings from Shipt and customers will need to pay an annual $99 fee. But despite being owned by Target, Shipt will offer its services to other retailers like Costo and Kroger.

<a href="https://www.fastcasual.com/articles/wow-bao-becomes-1st-chain-to-leverage-eatsa-technology/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=cnbc-target-to-buy-grocery-delivery-service-shipt-for-550-million-2705023" target="_blank" rel="nofollow">Click here</a> to read the full story.&nbsp;

target to buy shipt for same day delivery

CNBC: Target to Buy Grocery Delivery Service Shipt for $550 Million

1851 Franchise

Same-day delivery will be offered by Target in early 2018.

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