Matt Rourke, Associated Press Target acquired a San Francisco delivery technology firm, Grand Junction, as the race to offer speedier service intensifies. <\/p>\n
Target Corp. began to reveal more Monday about how it plans to address two key question marks hanging over it: how it will compete with Amazon on delivery and how it plans to fix its grocery department. <\/p>\n
In response to the first, the Minneapolis-based retailer announced the acquisition of Grand Junction, a 13-employee firm in San Francisco, to help it expand its same-day delivery and other supply-chain capabilities. As for the second, it has hired two senior grocery leaders, one from Walmart and one from General Mills, to focus on improving its selection of prepared foods as well as its roster of private-label brands that now include Archer Farms and Market Pantry. <\/p>\n
The flurry of announcements came as Target is preparing to report its second-quarter results on Wednesday. While the company's sales have been declining for a year, Target raised its guidance last month, saying it now expects moderately positive sales for the May-to-July quarter instead of a single-digit drop. <\/p>\n
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Target acquires delivery technology firm, beefs up grocery team - Minneapolis Star Tribune<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Matt Rourke, Associated Press Target acquired a San Francisco delivery technology firm, Grand Junction, as the race to offer speedier service intensifies. Target Corp. began to reveal more Monday about how it plans to address two key question marks hanging over it: how it will compete with Amazon on delivery and how it plans to fix its grocery department Continue reading