Target Joins Google In ‘Anti Amazon Alliance’

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By Jason Del Rey, Recode

“Google and the country’s biggest brick-and-mortar retailers have one main problem in common: Amazon. Now both sides are acting like they are serious about working together to do something about it.

On Thursday, Target and Google announced that they are expanding what was a years-old delivery partnership from a small experiment in a handful of cities to the entire continental U.S.”

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Best Buy To Increase Spending To $700m In E-commerce Battle

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By Khadeeja Safdar

Best Buy Co. reported another quarter of rising sales but said it would increase spending on its e-commerce operations and supply chain to continue growing its business in a competitive marketplace.

The electronics retailer said expenses were higher in the June quarter and it planned to make similar investments in shipping, compensation and online operations in the next two quarters.”

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Target Is Plotting To Move Away From AWS As Amazon Takes Over Retail

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By Christina Farr, CNBC

Target is struggling mightily to compete with Amazon in retail, but it’s finding other ways to fight back.

The discount retailer is scaling back its use of Amazon Web Services, according to sources familiar with the matter, as the company aims to take greater control over its infrastructure and stop financing its chief rival. Amazon’s purchase of Whole Foods is the latest sign of how deep the e-commerce giant is moving into all forms of retail.”

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Target Has A New Digital Dealmaker, Minsok Pak

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Via News Release

“MINNEAPOLIS — Target Corporation (NYSE:TGT) today announced the appointment of Minsok Pak as executive vice president, chief strategy and innovation officer. Pak will be responsible for Target’s enterprise strategy development and retail innovation with the goal of enhancing the guest experience and accelerating growth. He will also oversee business development for the company, including mergers, acquisitions, partnerships and joint venture initiatives. He will report to Target Chairman and Chief Executive Officer Brian Cornell, and serve as a member of Target’s Leadership Team. “

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Target Buys CA Transportation Tech Startup Grand Junction

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Via News Release

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.”

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Best Buy Fires Back With New Geek Squad Service ‘Assured Living’

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By Jackie Crosby, Star Tribune

“Best Buy Inc. is launching a new “smart home” service this week in the Twin Cities aimed at helping adult children remotely check in on the health and safety of their aging parents.  The service, called Assured Living, offers a free in-home assessment with families to design the most appropriate array of monitors and devices. Geek Squad tech workers install the custom-built systems, and family caregivers can receive information or alerts on their smartphones.”

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Best Buy Just Lost A Billion Dollars On News Of Amazon’s Geek Squad Competitor

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By Jason Del Rey, Recode

“On Monday morning, Recode reported that Amazon was quietly building out its own competitor to Best Buy’s Geek Squad gadget repair and installation service.  Almost immediately, investors reacted by selling out of Best Buy’s stock in a big way — the stock was down more around 7 percent as of 11:30 am ET on Monday. That drop works out to a loss of more than $1 billion in market cap for the brick-and-mortar electronics retailer.”

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Stratasys Ready For Takeoff In Aviation Industry

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By Dee DePass, Star Tribune

“Get ready Jetsons. The armrest on your next airplane ride might have be made by a 3-D printer.

In June, Stratasys Ltd. introduced a new 3-D printer at the Paris Air Show that makes the Federal Aviation Administration and European Aviation Safety Agency approval process easier for aviation parts makers, said the company with dual headquarters in Eden Prairie and Israel.”

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Best Buy’s New Weapon Against Amazon

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By Jason Del Rey, ReCode

“Over the last few years, the idea of short-term rentals has taken off in industries from lodging to fashion. Now Best Buy is trying to push that same trend into the mainstream for consumer electronics.

Later this month, the big-box retailer will start advertising try-before-you-buy rentals on its website for cameras, audio equipment and fitness trackers, the company recently told Recode. Best Buy is working with a San Francisco-based startup called Lumoid on the partnership.”

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3M Divests From Traffic Tech Unit

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Via News Release

“ST. PAUL, Minn. — 3M announced today that it has entered into agreements to sell its tolling and automated license/number plate recognition business, which is part of 3M’s Traffic Safety and Security Division, to Neology, Inc., a leading provider of integrated solutions for tolling, electronic vehicle registration and public safety applications. Neology is a subsidiary of SMARTRAC, a portfolio company managed by One Equity Partners, a middle-market private equity firm.”

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