- 15 August 2017
- Transport / Logistics Services
Target, the US home and fashion retailer, has agreed to acquire the San Francisco transportation technology specialist with the idea of improving and extending its delivery capabilities.
In a statement, Arthur Valdez, executive vice president, chief supply chain and logistics officer with Target, said: “Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently.
“This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.”
Grand Junction is a software developer that has created a platform that enables retailers, distributors and 3PL providers to manage local deliveries through a network of more than 700 carriers.
Target already works with Grand Junction. At present Grand Junction works with Target on its same day delivery pilot at the Tribeca Target store in New York City, that began in June.
“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.
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