Target to Remodel More Than 300 Stores in 2018

Minneapolis — As part of several initiatives in its accelerated multiyear strategy, Target Corporation will nearly triple the size of its remodel program in 2018, updating more than 300 stores around the country and making sizeable investments in key cities like Chicago, Los Angeles, Minneapolis-St. Paul and New York.

Target to Acquire Same-Day Delivery Platform Shipt, Inc.

Minneapolis — Target Corp. has agreed to acquire Shipt, Inc., a leading online same-day delivery platform, for $550 million in cash. Target will leverage its network of stores and Shipt’s proprietary technology platform and community of shoppers to quickly and efficiently bring same-day delivery to guests across the country. The acquisition significantly accelerates Target’s digital fulfillment efforts, bringing same-day delivery services to guests at approximately half of Target stores by early 2018. The service will be offered from the majority of Target stores, and in all major markets, before the 2018 holiday season.

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