Deals
Target Agrees to Buy Software Firm to Compete With Amazon
- Retailer will purchase Grand Junction, a San Francisco startup
- The tech company helps manage same-day delivery of web orders
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Target Corp., looking to improve its digital business amid increased competition from Amazon.com Inc., agreed to acquire a software company that manages local and same-day deliveries.
The discount chain is buying Grand Junction, 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.