Target Acquires Tech Company to Expand Same-Day Delivery

Big box retailer Target announced Monday it will acquire software startup Grand Junction to better compete with Amazon and Walmart in local deliveries - including same day.

The discount chain is buying Grand Junction, a San Francisco-based startup that links retailers and other distributors to a network of more than 700 carriers across North America. The software company also enables payment processing, visibility and operations dashboards.

Target and Grand Junction have already been working together to test out same-delivery from its Tribeca store in Manhattan.

Target supply chain and logistics officer Arthur Valdez said through a prepared statement that the company would leverage the platform of Grand Junction in order to become faster as well as more efficient in the way it deliveries its products to its clients. "This acquisition is part of Target's ongoing efforts to strengthen Target's supply chain to provide greater speed, reliability and convenience for guests". Whether or not this will help Target's business remains to be seen, but at least now the company would be more competitive.

More news: Mourinho Hoping To Sign One More Player To Complete Manchester United Team

Financial details about the acquisition of Grand Junction haven't been disclosed. "It will also boost our ability to offer new services-like same-day delivery, and even assembly and installation-to our guests", Valdez said in a Q&A on Target's corporate blog, A Bullseye View.

Target recently launched next-day delivery of household items, called Target Restock, in its home market of Minneapolis.

Target plans to expand the service to other NY locations this year, and then bring it to other major cities next year.

Can you tell us how Grand Junction works?

More news: 7 earthquakes hit Oklahoma City area in 3 days

"It's a thrill to join a brand like Target, especially at a time like this when the company is dedicated to making supply chain and local delivery a game-changer", added Rob Howard, Grand Junction's founder and CEO.

Target has said it will focus on two key areas for growth: groceries and delivery.

Ultimately, will this acquisition help Target secure a spot as one of the leaders in the same-day delivery space?

More news: Casey Affleck's wife files for divorce


Popular
  • Sharapova gets Wildcard for US Open

    Sharapova gets Wildcard for US Open

    Sharapova hasn't played in a major since she lost to Serena Williams in the Australian Open quarterfinals on January 25, 2016. Maria Sharapova described her wildcard for the US Open as "so, so special", adding that it gave her goosebumps.
    Cardinals Release Statment On Rally Cat, Last Seen in City Garden

    Cardinals Release Statment On Rally Cat, Last Seen in City Garden

    Play continued and Molina crushed the next pitch he saw for a grand slam, putting his squad up 8-5 - the final score of the game. A not-so friendly-feline decided it needed a closer look at Wednesday night's game between the Kansas City Royals and the St.

    Cowboys vs. Cardinals 2017

    Since 2007, Dallas has won four NFC East Division titles, but since 1996, the proud Cowboys have won just three playoff games. Taco Charlton's professional debut this Thursday will take place only a few hours from his hometown of Pickerington, Ohio.
  • Nitish calls on Modi, Amit Shah

    Nitish calls on Modi, Amit Shah

    Tyagi said that the decision to remove Yadav was taken as he was involved in anti-party activities. All eyes are now on the National Executive meeting, to be held on August 19.
    Congresswoman Maxine Waters reaffirms 'impeach Trump' mission during BET ceremony

    Congresswoman Maxine Waters reaffirms 'impeach Trump' mission during BET ceremony

    Waters said Putin is mad because Trump can no longer keep his promises to him because of the passage of the sanctions bill. Faris countered that world leaders will be reluctant to speak with Mr.
    BOE to hold interest rates at 0.25%

    BOE to hold interest rates at 0.25%

    Policymakers agreed however to increase cheap lending for retail banks before the expiry of the Term Funding Scheme next February. The fall in the value of the pound has caused inflation to spike - it is expected to peak at 3 per cent in the autumn.
  • Taylor Swift Says Alleged Assault By DJ David Mueller Was

    Taylor Swift Says Alleged Assault By DJ David Mueller Was "Horrifying"

    Taylor Swift testified on Thursday in the defamation trial over her claims that a Denver DJ groped her during a public appearance. Mueller testified on Tuesday that he may have made incidental physical contact with Swift , perhaps brushing her arm or torso.
    Korea: No plans to meet S. Korea's foreign minister at ARF

    Korea: No plans to meet S. Korea's foreign minister at ARF

    He also said, "Of course, we would like to urge other parties like the United States and South Korea to stop increasing tensions".
    Fox News accused of making up quotes in DNC murder story

    Fox News accused of making up quotes in DNC murder story

    Fox has said it will continue to investigate the story and provide updates as warranted but has not yet said it was wrong. He added, "As Ed himself has noted, he has never met the president and the White House had nothing to do with his story".
  • Tesla Model 3's battery-pack size revealed in EPA documents

    Tesla Model 3's battery-pack size revealed in EPA documents

    Following an EPA leak on Monday, Elon Musk has confirmed that the Model 3 ships with either a 50-kWh battery or a 75-kWh battery. Up to this point, Tesla's business model has revolved around selling a relative handful of luxury vehicles.

    Samsung Galaxy Note 8 Promotional Image Appear as Official Unveil Nears

    The Galaxy Note 8, however, will launch on the same day in South Korea as the LG V30 , which is an extremely rare occurrence. The phone will be powered by a 3300 mAh battery and would run on the Android 7.1.1 Nougat OS, upgradable to Android O.
    Ryan Tannehill suffers apparent knee injury

    Ryan Tannehill suffers apparent knee injury

    During the team's first 11-on-11 session, Tannehill scrambled to the right and fell at the end of his first-down run. Tannehill went 8-5 as a starter last season while posting a career-best 93.5 passer rating.

CONNECT