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Target (TGT) Acquires Delivery Tech Company Grand Junction

Target (TGT) Acquires Delivery Tech Company Grand Junction”

Grand Junction is a San Francisco-based company that provides a software platform to a variety of retailers and distributors to manage local deliveries through a network of more than 700 carriers. Those delivery companies pick up items from stores or distribution centers and deliver them to customers. Terms of the deal weren't disclosed.

Target has been working with Grand Junction to test same-day delivery at a NY store.

Target said on Monday that it plans to bring the same-day delivery pilot to a few more NY stores this fall. In June, Target announced a pilot program in the Minneapolis area to deliver essential household goods such as pet food and laundry detergent within one business day. Further expansion would occur the following year.

According to the company's website, Grand Junction is the only provider of same-day delivery in every market in the USA and Canada, allowing leading retailers, 3PLs, distributors, and start-ups to offer local delivery through its technology platform and network of 700 local carriers.

When the deal is closed, Howard will become vice president of technology at Target. Arthur Valdez, Target's executive VP, chief supply chain and logistics officer, and Rob Howard, CEO of Grand Junction, discussed the acquisition in the following Q&A, posted on the retailer's website.

Instacart still does deliveries for Target in San Francisco, Chicago and Minneapolis as part of a test program, Target spokesman Eddie Baeb said.

Expanding delivery and making it faster have been key areas for retailers trying to attract convenience-seeking shoppers. Target hopes to deliver on both fronts.

Target, for example, is trying to expand its delivery options for online customers.

In its bid to improve the grocery side of the business, Target has hired a couple of executives from General Mills and Walmart to spearhead its efforts.

Mark Kenny, who will join Target from Walmart later this month, will oversee Target's meat, seafood and deli sections. The merger will also help Target accelerate its mission to improve its supply chain.



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