Sources: Temu and Shein have supplanted Walmart and Target as focal points in internal Amazon meetings related to retail, as Amazon explores new promo campaigns
from Amazon to Walmart to Wawa Lionel Lim / Fortune : Temu-owner PDD spooked China's e-commerce giants last year with its low prices. Now the upstart has almost doubled its annual profits X: Sebastian...
Target to acquire technology and assets of same-day delivery startup Deliv, which has raised a total of $80M in venture capital according to Crunchbase
TechCrunch :
Target to acquire technology and assets of same-day delivery startup Deliv, which has raised a total of $80M in venture capital according to Crunchbase
Target, which already owns on-demand delivery service Shipt, is in the process of acquiring technology assets from same-day delivery service Deliv
Sources: Amazon wants to open source its cashier-less store software via an organization called Dent, which held unsuccessful talks with Walmart and Target
Wall Street Journal :
Source: Fitbit has hired investment bank Qatalyst Partners to explore a sale; stock closes up 11.72%
KEY POINTS — Fitbit hires boutique investment firm Qatalyst Partners to explore a sale, according to a person familiar with the matter. — A Fitbit display is seen at a Target store in Los Angeles.
Sydney-based Fluent Commerce, which provides cloud-based order management software for retail clients like Target in 11 markets globally, raises $22.4M Series B
Stephanie Palmer-Derrien / SmartCompany :
Target says it plans to acquire grocery delivery platform Shipt for $550M in cash and will run it as independent unit; Shipt has 170 staff and has raised $65M
@Shipt is a Birmingham, Alabama startup, founded only 3 years ago (2014), raised $65M and exited for $550M in cash to @Target. Incredible stuff. http://www.recode.net/... Greycroft / @greycroftvc : Co...
Target says it plans to acquire grocery delivery platform Shipt for $550M in cash; Alabama-based Shipt has 170 staff and has raised $65M
Target will offer same-day delivery from half of its stores by summer. — Another domino just fell in the wake of the Amazon - Whole Foods acquisition.
Pinterest strikes deal with Target to license its camera image search tool for use in the retailer's app
Eliot Brown / Wall Street Journal :
Target reaches $18.5M multi-state settlement over 2013 data breach, agrees to separate cardholder data from rest of network, implement two-factor authentication
Nicole Hong / Wall Street Journal :