In late 2017, retailer Target Corp (NYSE:TGT) announced an acquisition to help boost its delivery and digital sales. The acquisition proved to be one that helped power the company’s growth during the COVID-19 pandemic and has also rewarded shareholders since the time of the announcement.
What Happened: On Dec. 13, 2017, Target announced it was acquiring Shipt, a leader in same-day delivery. The $550 million purchase was part of Target’s strategy to improve its fulfillment capabilities for customers.
