San Francisco-based Grand Junction’s software platform is 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 neighbourhood. Upon deal close, Grand Junction’s employees will become Target team members.
“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.”
“Target is seizing a tremendous opportunity to leverage local delivery as a retail differentiator,” said Rob Howard, Grand Junction’s founder and CEO. “We are thrilled about helping to pursue this opportunity, and to join Target at this unprecedented time in retail.”
Howard will become the vice president of technology at Target after the acquisition. (KD)
ALCHEMPro News Desk – India
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