Target Corporation
Target Corporation ( doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a comp ...
. It is headquartered in
Birmingham, Alabama
Birmingham ( ) is a city in the north central region of the U.S. state of Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous county. As of the 2021 census estimates, Birmingham had a population of 197,575, down 1% fro ...
.
In December 2017, it was announced that
Target Corporation
Target Corporation ( doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a comp ...
was acquiring Shipt for $550 million and that it would operate as an independent subsidiary following the acquisition. As of 2018, Shipt delivers groceries, home products, and select electronics.
History
Shipt was founded and initially funded by Bill Smith. Before launching Shipt, Smith had built other businesses including a cellphone business, a small loan business, and a prepaid Visa card business. The company soft-launched in November 2014 in
Birmingham, Alabama
Birmingham ( ) is a city in the north central region of the U.S. state of Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous county. As of the 2021 census estimates, Birmingham had a population of 197,575, down 1% fro ...
with 1,000 pre-enrollment customers and officially launched in Birmingham in May 2015. By 2016, the service was available to 27 metro areas in 9 states. The company initially targeted regions that had no grocery delivery services before expanding into other regions.
In July 2016, Shipt received a $20 million
Series A
A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...
investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing is ...
led by Greycroft Partners, e.ventures and Harbert Growth Partners. The company said it planned to use the funding to develop partnerships and scale. Shipt raised an additional $40 million in Series B funding in June 2017. The round was led by Greycroft Partners with participation from previous investors. At the time of the investment the company operated in 47 markets across the U.S.
On December 13, 2017,
Target
Target may refer to:
Physical items
* Shooting target, used in marksmanship training and various shooting sports
** Bullseye (target), the goal one for which one aims in many of these sports
** Aiming point, in field artillery, ...
announced it would acquire Shipt for $550 million to improve its same-day shipping capabilities. After the acquisition, Shipt continued to form delivery partnerships with retailers other than Target. Following the acquisition, Target said it planned to use Shipt and its infrastructure to facilitate same-day delivery from a majority of its stores and that the service would be available for more than 55,000 products initially and that, by the end of the year, every major category of product would be included. In March 2018, the company announced it was launching same-day delivery from Target stores in the
Washington D.C.
)
, image_skyline =
, image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, N ...
,
Baltimore
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was ...
,
Anchorage
Anchorage () is the largest city in the U.S. state of Alaska by population. With a population of 291,247 in 2020, it contains nearly 40% of the state's population. The Anchorage metropolitan area, which includes Anchorage and the neighboring Ma ...
,
Fairbanks
Fairbanks is a home rule city and the borough seat of the Fairbanks North Star Borough in the U.S. state of Alaska. Fairbanks is the largest city in the Interior region of Alaska and the second largest in the state. The 2020 Census put the p ...
,
Juneau
The City and Borough of Juneau, more commonly known simply as Juneau ( ; tli, Dzánti K'ihéeni ), is the capital city of the state of Alaska. Located in the Gastineau Channel and the Alaskan panhandle, it is a unified municipality and the ...
New England
New England is a region comprising six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York to the west and by the Canadian provinces ...
region the following month with plans to deliver products in 170 markets by year-end.
In March 2019, Shipt named Target veteran Kelly Caruso as its new CEO, succeeding founder Bill Smith, who continued with the company in an advisory role.
In February 2022, Shipt announced that Kamau Witherspoon will join the company as its new CEO, effective March 1, 2022. Witherspoon has held leadership roles with various companies including
UnitedHealthcare
UnitedHealth Group Incorporated is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It offers health care products and insurance services. UnitedHealth Group is the world's seventh largest c ...
,
Yum! Brands
Yum! Brands, Inc. (or Yum!), formerly Tricon Global Restaurants, Inc., is an American fast food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the br ...
, and
Target
Target may refer to:
Physical items
* Shooting target, used in marksmanship training and various shooting sports
** Bullseye (target), the goal one for which one aims in many of these sports
** Aiming point, in field artillery, ...
, where he most recently was senior vice president of operations. In that role, he was responsible for the company’s operational planning and prioritization, partner operations, M&A integration, and process improvement initiatives across supply chain, stores and properties. Previously, he was senior vice president, operational performance and readiness at UnitedHealthcare, leading new business integration, M&A integration, operational strategy, and field operations. And he also held the position of chief restaurant excellence officer for the
KFC
KFC (Kentucky Fried Chicken) is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken. It is the world's second-largest restaurant chain (as measured by sales) after McDonald's, with ...
US division of Yum! Brands leading the overall transformation of operations.
Service
Shipt facilitates same-day delivery from various retailers to its members through either a
smartphone
A smartphone is a portable computer device that combines mobile telephone and computing functions into one unit. They are distinguished from feature phones by their stronger hardware capabilities and extensive mobile operating systems, which ...
app, available on
iOS
iOS (formerly iPhone OS) is a mobile operating system created and developed by Apple Inc. exclusively for its hardware. It is the operating system that powers many of the company's mobile devices, including the iPhone; the term also includes ...
and Android platforms, or via their website.
Having a Shipt membership enables customers to place orders for products from local retailers such as ABC Fine Wine & Spirits,
Costco
Costco Wholesale Corporation (doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores (warehouse club). As of 2022, Costco i ...
Harris Teeter
Harris Teeter Supermarkets, Inc., also known as Harris Teeter Neighborhood Food & Pharmacy, is an American supermarket chain based in Matthews, North Carolina, a suburb of Charlotte. , the chain operates 261 stores in seven South Atlantic states ...
,
H-E-B
H-E-B Grocery Company, LP, is an American privately held supermarket chain based in San Antonio, Texas, with more than 340 stores throughout the U.S. state of Texas, as well as in northeast Mexico. The company also operates Central Market, an ...
Kroger
The Kroger Company, or simply Kroger, is an American retail company that operates (either directly or through its subsidiaries) supermarkets and multi-department stores throughout the United States.
Founded by Bernard Kroger in 1883 in Cincin ...
Meijer
Meijer Inc. (, ; stylized as meijer) is an American supercenter chain that primarily operates throughout the Midwest. Its corporate headquarters are in Walker, Michigan, which is a part of the Grand Rapids metropolitan area. Founded in 1934 a ...
,
Office Depot
The ODP Corporation is an American office supply holding company headquartered in Boca Raton, Florida. The company has combined annual sales of approximately $11 billion, and employs about 38,000 associates with businesses in the United States. ...
,
OfficeMax
OfficeMax is an American office supplies retailer founded in 1988. It is now a subsidiary of The ODP Corporation, which is headquartered in Boca Raton, Florida. As of December 2012, OfficeMax operated 941 stores in 47 states, Puerto Rico, the U.S ...
,
Publix
Publix Super Markets, Inc., commonly known as Publix, is an employee-owned American supermarket chain headquartered in Lakeland, Florida. Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by present and ...
Shaw's and Star Market
Shaw's and Star Market are two American supermarket chains under united management based in West Bridgewater, Massachusetts, employing about 30,000 associates in 150 total stores; 129 stores are operated under the Shaw's banner in Maine, Massac ...
,
Target
Target may refer to:
Physical items
* Shooting target, used in marksmanship training and various shooting sports
** Bullseye (target), the goal one for which one aims in many of these sports
** Aiming point, in field artillery, ...
,
Roche Bros.
Roche Bros. Supermarkets, Inc. is a chain of supermarkets based in Mansfield, Massachusetts. The company's stores are primarily located in the Boston Metro Area. Roche Bros. also operates the supermarket chain Sudbury Farms.
A third banner, Brot ...
, ShopRite and Winn-Dixie. Customer orders are shopped and delivered by a fleet of more than 300,000 ''Shipt Shoppers'' across the country. These shoppers are not employees but self-employed contractors who deliver on behalf of the company. The membership costs $99 per year.https://www.ridester.com/shipt-cost/
See also
*
Amazon Fresh
Amazon Fresh is a subsidiary of the American e-commerce company Amazon in Seattle, Washington. It is a grocery retailer with physical stores and delivery services in most major U.S. cities, as well as some international cities, such as Berlin, H ...
Instacart
Instacart is an American company that operates a grocery delivery and pick-up service in the United States and Canada. The company offers its services via a website and mobile app. The service allows customers to order groceries from participatin ...