61.96 +0.02 (0.03%)
After hours: 7:16PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||61.89 - 63.70|
|52 Week Range||48.56 - 78.37|
|PE Ratio (TTM)||12.98|
|Earnings Date||Feb 26, 2018 - Mar 2, 2018|
|Forward Dividend & Yield||2.48 (4.04%)|
|1y Target Est||59.47|
Walmart is rolling out a new policy that allows its 1.44 million employees claim earned salary before payday. Financial experts caution that it could encourage impulsive spending.
It's the day after the Fed did the expected and raised short term interest rates by a quarter percent. We also got retail sales out this morning, up 8 tenths of a percent. What's moving markets today?Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.
Dec.14 -- Ian Sigalow, Greycroft LLC partner and co-founder, discusses Target Corp. buying Shipt Inc. for $550 million and Greycroft's investment strategy. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
Target is planning to acquire same-day delivery service platform Shipt, a rival to Instacart, for $550 million in cash.
Target Corp. has become the latest retailer to make a big bet on same-day delivery service, with plans to acquire app-based delivery service Shipt for $550 million. The deal, which Minneapolis-based Target (TGT) announced Wednesday, capped off a year in which retailers that had been struggling to compete with the convenience of Amazon.com (AMZN) stepped up their approach to online shopping, offering more in-store pickup and delivery options. "This is continuing the trend we’ve seen this year of traditional brick-and-mortar retail not being willing to roll over and let Amazon take their market share," said Justin Greider, who leads JLL's retail real estate team in Central, North and West Florida.
Target recently announced that it has agreed to acquire Shipt, a company that delivers same-day groceries. The retailer plans to leverage its network of stores and Shipt’s technology platform and community of shoppers to quickly add same-day delivery to its capabilities.
Target Corporation (NYSE:TGT) just made a key acquisition that breathes new life into the retailer. The company is acquiring online grocery delivery company Shipt for $550 million. Having Shipt will allow customers to order items from Target and receive same-day delivery.
Target (TGT) recently announced the acquisition of Shipt, one of the leading online platforms that provides same-day delivery.
Shares of Target (TGT) are lower on Thursday, a day after it said it purchased the online same-day delivery firm Shipt, giving up some of the gains following the announcement. MKM Partners' Patrick McKeever reiterated a Buy rating and raised his price target to $77 from $66 on the news, writing that the Shipt acquisition is a "big deal" that should make Target a more effective competitor agains Amazon (AMZN) and Wal-Mart (WMT). From his note: The Shipt acquisition should dramatically accelerate Target's digital fulfillment capabilities and yield a distinct competitive advantage as the company leverages its network of more than 1,800 stores across the country to expedite delivery of a variety of merchandise.
Here's why the acquisition of the Instacart competitor is a great get for Target -- and why if the company wants to continue operating Target-branded stores from which consumers and Shipt pluck their groceries, it needs to fix the basics.
Target's (TGT) initiatives such as the development of omni-channel capacities, diversification and localization of assortments along with emphasis on flexible format stores bode well.
Delivering up-to-the minute news, analysis, interviews and explanatory journalism on logistics, supply-chain management, e-commerce and more
Target Corp. is paying $550 million to acquire grocery delivery startup Shipt Inc., moving to match services that have been rolled out by rivals Amazon.com Inc. and Wal-Mart Stores Inc.
___ GOP says it's got a deal on taxes; cuts coming for next year Confident congressional Republicans have forged agreement on a major overhaul of the nation's tax laws. It would provide generous tax cuts ...
Target said it would buy an online delivery company while Amazon said it would expand its same-day delivery services as shoppers want orders delivered faster.
When Walmart (WMT) announced that it would buy Jet.com, many observers laughed. Target (TGT) appears to have learned a thing or two from that deal as it announced the $550 million purchase of Shipt, a members-only grocery delivery service. Gordon Haskett analyst Chuck Grom contends Target "made an intelligent decision" with the acquisition.