Bill Smith, founder and chief executive officer of Shipt, a membership-based online grocery marketplace delivering fresh foods and household essentials and a wholly owned subsidiary of Target, announced he will be departing the company to pursue his next entrepreneurial challenge. He will continue to serve as an advisor to the company. Kelly Caruso will join Shipt, effective immediately, as the new CEO.
"With expertise ranging from the sales floor to sourcing and merchandising, Kelly is a proven leader who knows retail inside and out," said John Mulligan, Shipt director and Target’s chief operating officer. "She’ll help Shipt continue bringing same-day convenience to more consumers through its growing marketplace of retail partners. Bill’s entrepreneurial achievements have changed the game in same-day delivery, and we thank him for his outstanding leadership of Shipt."
Caruso has more than 25 years of retail experience, holding roles from the stores to supply chain and merchandising. Most recently, Caruso was senior vice president hardlines at Target. Prior to that, she was president of Target’s independent global sourcing business, supporting the company’s owned-brand growth. Earlier in her career, she held a number of merchandising and inventory planning businesses at Target, May Merchandising and Abercrombie & Fitch.
Shipt was acquired by Target in 2017 and operates as an independent subsidiary. The company has grown into a leading same-day delivery marketplace across the country — scaling to more than 250 markets, doubling its membership, tripling the size of its team and adding more retailer partners to its same-day marketplace.
“Coast to coast, nearly a hundred thousand Shipt shoppers are delivering orders within hours from morethan 60 retailers with an unmatched personalized touch that has raised consumer expectations for quality and convenience,” said Caruso.