Target opens Silicon Valley tech hub
Waylan Choy stashed this in Data-Driven
Stashed in: Target
Target (NYSE:TGT) has opened an outpost in Silicon Valley as the retailer continues to seek out technology talent and build digital commerce capabilities.It's the second tech-focused facility that Target has opened in the area. The first, a Technology Innovation Center in downtown San Francisco, opened in 2012 and is where the retailer tests new technologies with nearby startups. This new facility will tackle data analytics and engineering for its online and mobile team, according to the Minneapolis Star Tribune. The new 7,000 sq. ft. Sunnyvale, California office will initially have 15 employees, but there are plans to ultimately house 70 staffers including data scientists, software engineers and product managers.Target is under pressure to build out its digital business, and an expanded presence near Silicon Valley is meant to attract tech talent.
Target is still reeling from the events of the past year: A data breach that compromised the credit and personal information of 70 million Target shoppers, a dismal holiday season, sluggish sales at U.S. stores and a disastrous entry into the Canadian market.
Target in Sunnyvale?! Wow, I never expected that.
Not sure how they'll interact with the community, if at all.