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Bloomberg reports that Target is acquiring Grand Junction, described as “a San Francisco-based startup that links retailers and other distributors to a network of more than 700 carriers across North America. Grand Junction currently handles the same-day delivery service for Target’s store in Manhattan’s Tribeca neighborhood.”

The story notes that the deal is designed to give Target the tools to increase the speed of its order fulfillment, and give it a better chance of competing effectively against Amazon and, increasingly, Walmart.

Target reportedly hopes to expand same-day service to other New York City locations by later this year, and to other US cities sometime in 2018.

Terms of the deal were not disclosed.
KC's View:
This is just part of the equation. Target also has to start carrying more products that people actually want, upgrading its stores so people actually want to go there, and really improve the food side of its stores.