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

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Amazonism

Amazon needs competition

$fox $foxa

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adani's market value falls below $100 billion as rout deepens stillBeaten-up Adani stocks have now fallen below $100 billion in market value after coming under short-seller attack
Source: BusinessInsider - 🏆 729. / 51 Read more »