Target aiming to boost next-day delivery with $100M investment

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Target is aiming to boost its next-day delivery with an investment of $100 million in its “sortation” network, the company said in an announcement on Wednesday.

for digital purchases more speedy for customers as well as bolster store operations, Target said. The company anticipates it will "deliver more orders [next-day] as we expand our network."

The planned investment, unveiled Wednesday, will allow Target to establish more than six new"sortation" centers across the country. The $100 investment comes a couple of years after the establishment of its first "sortation" center in Minneapolis. Target’s"sortation" footprint consists of nine facilities in six states at this time. That means the upcoming additions will lift the"sortation" center count to more than 15 total, according to the retailer.

In November, Target reported a more than 3% increase year-over-year in its third-quarter revenue, going from $25.65 billion to $26.52 billion.

 

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