Shoppers arrive at a Target store in Los Angeles on Thursday, Dec. 19, 2013. (AP Photo/Damian Dovarganes)
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Target said Wednesday it was acquiring same-day grocery delivery service Shipt for $550 million, helping the U.S. retail titan step up its challenge to Amazon and its recently acquired Whole Foods supermarket chain.Target's move comes as shoppers increasing turn to the internet, where Amazon offers speedy free delivery of many items with subscriptions to its Prime service.Target has 1,834 stores selling items ranging from apparel to electronics to groceries, and is a rival of Wal-Mart, which recently acquired Amazon competitor Jet.com to boost its online shopping services.
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