losangelesnewstoday.com March 22, 2018

Target (TGT) Acquires Delivery Tech Company Grand Junction

16 August 2017, 03:28 | Maryann Sutton

Target Agrees to Buy Software Firm to Compete With Amazon

Target takes a page out of Wal-Mart's acquisition playbook, with plans to grow same-day delivery

As part of the agreement, Grand Junction's 13 employees will relocate a few blocks to Target's downtown San Francisco office and set about helping the retailer bring delivery to more areas.

The same-day delivery service is already being tested at Target's store in Manhattan's Tribeca neighborhood, but it is expected to expand to other stores in New York City by October, and to additional cities in the USA early next year. The price that Target intends to pay for Grand Junction has not been disclosed.

Target said on Monday that it plans to bring the same-day delivery pilot to a few more NY stores this fall.

"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.

"We'll leverage Grand Junction's platform ... to become even faster and more efficient in how we get products to our guests", Arthur Valdez, Target's chief supply chain and logistics officer, said in a statement.

Sinking of homemade sub carrying Kim Wall a 'deliberate act,' police say
The boat left on Thursday evening at around 19 from Refshaleøen, where some of Kim Wall's friends were present to wave goodbye. The stricken vessel, the Nautilus , has been raised but no body was found and the search for Ms Wall goes on.

"Whether guests shop online or in a store, they expect to get products quickly and on their terms", said Valdez, who was hired away from Amazon in May.

Target Corporation (TGT - Free Report) announced Monday that it is acquiring the transportation tech company Grand Junction to expand its delivery capabilities.

Valdez told the Minneapolis Star Ledger that a new Target distribution center in Perth Amboy, NJ will help it service the NY area using a faster, real-time replenishment model. Amazon and Walmart.com shoppers can choose from a variety of delivery options, including, in some cases, speedy same-day delivery, and Target wants their customers to have these options as well.

When the deal is closed, Howard will become vice president of technology at Target. "By acquiring scalable technology, Target balances their competitive profile".

Target partnered in 2015 with Instacart to establish same-day deliveries of groceries. "At some point, all retailers will need to grapple with the integration of physical footprints with digital store fronts".

Other News

Trending Now

Toyota and Mazda team on EVs, V2V and the Millennial menace
Instead, it will manufacture Tacoma pickups at the Mexico plant which is now under construction. Toyota has been forging alliances with domestic rivals in an effort to boost competitiveness.

Gene-edited embryo study: A 'milestone' - or a route toward 'genetic upgrades'?
The researchers found that 72.4 percent of the embryos, not 50 percent as would have been expected, were free of the errant gene. But while the procedure is considered to be the first of its kind, human trials are not now allowed in the United States.

Tropical depression likely to be declared Tropical Storm "Gert" later Sunday
The administration initially predicted that the ocean could see anywhere from 11-17 named tropical storm systems this year. The system had sustained winds of 35 miles per hour with gusts up to 46 miles per hour late Saturday night.

Risk for storms through Friday evening
Rain chances are forecast to go back up to around 50% Friday , but decrease back down to 20% for Saturday and Sunday . Skies will be filled with scattered clouds and only a slight chance for isolated thunderstorms today and Saturday .

Witness says teen opened airplane door quickly
Airport spokesman Doug Yakel said an airfield construction crew took hold of the teen and he is in custody. The airline added that an investigation was under way and that it was co-operating with the authorities.

Cool Morning, Warm Afternoon... Comfortable Humidity!
Highs today will reach the mid 80s, 10 degrees below normal! Tropical Storm Franklin has made landfall on the Yucatan Peninsula. Storms in northern Mexico are expected to spread northwest allowing isolated showers and thunderstorms in our area overnight.

German cops arrest two Chinese tourists for making Nazi salute outside Parliament
The Reichstag building was where the Third Reich met from 1933 - 1945 and was the location for many of Hitler's speeches. In 2011, police arrested a Canadian tourist for giving the hateful salute while taking pictures outside the Reichstag .

Eric Bolling sues over claims he sent penis photos
Gretchen Carlson, a former Fox News anchor, claimed she was sacked for rejecting Ailes's sexual advances, prompting a lawsuit. Ali is in a precarious position in that he is relying on unnamed sources and has promised to continue not to name them.

Dolphins Adam Gase says Ryan Tannehill will be ready for 2018
The Miami Herald's Armando Salguero reports Ryan Tannehill (ACL) will undergo knee surgery and be placed on injured reserve. Tannehill will have surgery for a torn anterior cruciate ligament, a person familiar with the decision said Friday.

Mueller's Russian Federation investigation: What to know
Adam Schiff (D-Calif.), the top Democrat on the House Intel Committee, said Mueller's grand jury is a "significant development". If you like your plan, you can keep your plan. "If you like your doctor, you can keep your doctor".