Dec. 13, 2017 11:28 AM ET|By:
Clark Schultz, SA News Editor
Keep an eye on the grocery sector after Target strikes a significant deal with the acquisition of Shipt.
Shipt already offers same-day grocery delivery services in 72 U.S. markets.
The 2018 roll-out by Target of new delivery services could impact a wide number of players, including Kroger (
KR), Supervalu (
SVU +2%), Natural Grocers by Vitamin Cottage (
NGVC +1.9%), Smart & Final Stores (
SFS+1.8%), Village Super Market (
VLGEA +0.4%), Sprouts Farmers Market (
SFM +0.6%), Weis Markets (
WMK -0.5%), iFresh (
IFMK), Blue Apron (
APRN+0.3%), Albertson's (NYSE:
ABS) and privately-held Instacart (Private:
ICART).