Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
General Retailers
Hypermarkets & Supermarkets
Return to: RBR Home | General Retailers | Hypermarkets & Supermarkets

Target to buy transportation technology firm Grand Junction

Published 16 August 2017

Target has agreed to acquire Grand Junction, a transportation technology company, to enhance and grow its delivery capabilities.

The acquisition will also accelerate Target’s investments and ongoing efforts to transform its supply chain.

“Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur Valdez, executive vice president, chief supply chain and logistics officer, Target.

“This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.”

San Francisco-based Grand Junction offers a software platform that’s used by retailers, distributors and third-party logistics providers to manage local deliveries through a network of more than 700 carriers. Currently, Grand Junction is working with Target on its same-day delivery pilot at the Target store in New York’s Tribeca neighborhood. Upon deal close, Grand Junction’s employees will become Target team members.

“Target is seizing a tremendous opportunity to leverage local delivery as a retail differentiator,” said Rob Howard, Grand Junction’s founder and CEO, who will become a vice president of technology at Target. “We’re thrilled about helping to pursue this opportunity, and to join Target at this unprecedented time in retail.”



Source: Company Press Release