Target to Acquire Grand Junction to Expand and Improve Delivery Services for Guests

 

Grand Junction will help Target make faster, more efficient deliveries

Target Corp. (NYSE: TGT) today announced it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand Target’s 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.”

About Target
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,816 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

About Grand Junction
Grand Junction is a technology transportation company whose software manages local delivery throughout North America—allowing retailers, distributors and third-party logistics providers to offer local delivery through Grand Junction’s technology and network of more than 700 carriers. Grand Junction was founded in 2014, and is based in San Francisco.

media contact

  • Eddie Baeb, Communications (612) 761-9657
  • John Hulbert, Investor Relations (612) 761-6627
  • Target Media Hotline (612) 696-3400

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