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Target takes steps to compete more seriously with Amazon

Target takes steps to compete more seriously with Amazon

Though TGT didn't talk about business synergies from the Grand Junction acquisition, it's clear that Grand Junction's technology will likely help Target manage its deliveries more efficiently and result in lower fulfillment costs.

In a blog post on Target's corporate website, Valdez said Grand Junction will help Target offer product assembly, installation and other services.

Rob: Our team is excited about the opportunity to continue our work with Target on same-day delivery service, and for the software platform we created to be a real differentiator for Target throughout its entire network of stores and distribution facilities. The price that Target intends to pay for Grand Junction has not been disclosed.

The tech company is already working with Target on a same-day delivery pilot at the Target store in the Tribeca neighborhood of New York City.

With Grand Junction, Target could get deliveries to customers faster.

Target plans to expand the service to other NY locations this year, and then bring it to other major cities next year. It also has worked with Instacart for same-day grocery delivery in some markets. Walmart's growth was 63 percent in the first quarter this year after acquiring bulk retailer Jet.com for $3.3 billion.

YouTube introduces chat interface for sharing videos
A blog post from yesterday outlines the expanded icon system: creators could see one of three new symbols next to each video. Dubbed the " Shared " tab, the feature allows you to send videos and chat with friends directly in YouTube .

Pound Plummets on Dovish BoE: Blip in the Trend or Full-Scale Reversal?
Mark Carney , the bank's governor, said that businesses are now putting investments on hold because of uncertainty over Brexit. The pound fell 0.4% to 1.3167 against the dollar as of 12.39pm in London, after rising to 1.3267, the highest since Sept 15.

Microsoft and Tobii team up to add Eye Control to Windows 10
This feature will use the default text-to-speech voices, which can be changed in Settings Time & Language Speech Text-to-speech. Best described, the feature would be the newest way to interact with a computer, alongside keyboard, mouse, pen, and touch.

"There's clearly an arms race going on from the mass merchants, recognizing that getting everyday essentials in the hands of customers is critical", Michael Lasser, an analyst at UBS Group AG, said in a note. Retail experts say they see the move as a way for Target to better compete with Amazon, as more of its customers use e-commerce to purchase products and expect speedy and low-priced delivery.

The acquisition is Target's second investment in e-commerce this year, after plowing $75 million into online mattress seller Casper Sleep Inc.

Target was founded in 1902 as Goodfellow Dry Goods.

The 13 employees at Grand Junction will become employees at Target following the closing of the deal, said a Target official.

The company had $2.7 billion net income in 2016, according to a financial filing.

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