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• Demand for hyperlocal delivery has exploded during the pandemic in the US. We believe that providers of such services have staying power as consumers increasingly expect, and rely on, quick and convenient grocery delivery.
• Target-owned Shipt saw sales growth of more than 300% in fiscal 2021. Last year, the delivery provider added retailers outside its core grocery space, including Bed, Bath & Beyond, buybuy Baby, Office Depot and Party City.
• Click the image below to read more about the US hyperlocal delivery space, including three key market trends and the impacts of challenges for brands and retailers.