Target's two-day holiday shipping Amazon beats option, Walmart

NEW YORK (Reuters) – Target Corp. Reaching the United States for the Future of the United States and the United States. -up at local stores.

The Minneapolis-based retailer will offer you two-day shipping on the dollar from Nov. 1 to Dec. 22 with no minimum order or membership required. Target had announced the shipping service in March.

Target's two-day shipping option is less expensive than Amazon.com Inc., which requires an annual subscription fee of $ 119 under its Premium membership service. Walmart Inc offers a minimum order of $ 35.

Target will also expand its Drive Up Service, which allows customers to place orders. It will include nearly 1,000 stores by the end of October, ahead of schedule.

The company is currently reporting 50 percent of its digital orders from inventory and its plans to increase that to 90 percent.

Target will also offer same-day delivery on 55,000 items with Shipt, a company it bought for $ 550 million last year, in "hundreds of markets."

The biggest changes to the retailer, the final mile of delivering orders from a warehouse, Target Chief Executive Officer Brian Cornell told reporters at a briefing on Tuesday .

The offerings will be part of the "Target Run and Done" holiday promotional campaign.

Cornell also said Target's hiring plans are on schedule. The retailer has received over 100,000 applications in a tight labor market and is seeing a 40 percent rise in job applications for its warehouses. In September, Target said it would hire 120,000 seasonal workers at wages starting at $ 12 an hour. The company has made a commitment to go up to $ 15 an hour by 2020.

Last week, Target said it would be dedicate to a million square feet of new space to its toy business across 500 stores, seeking more toy sales after retailers Toys "R" Us Inc. went bankrupt this year. Target had said its shoppers will be able to shop for more than 2,500 new and exclusive toys.

Rival Walmart Inc. has made a similar push for gaining market share in toys.

In August, it is comparable to sales growth in 13 years and said a strong economy.

U.S. holiday sales in 2018 will be increased by 4.3 percent to 4.8 percent from a year ago, when consumer spending surged to a 12-year high, according to the National Retail Federation.

The trade body said holiday sales growth will be higher than average growth of 3.9 percent over the last five years but last year's growth rate is 5.3 percent, when the most consumer spending has grown since 2005, boosted by tax cuts.