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Target Canada Co. was a short-lived Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States.Formerly headquartered in Mississauga, Ontario, the subsidiary formed with the acquisition of Zellers store leases from the Hudson's Bay Company (HBC) in January 2011.
After Target's acquisition of Zellers leases until its closure, Target Canada became the exclusive store for the following brands: Cherokee; Mossimo; Wabasso; However, Target Canada closed in 2015, leaving Wabasso, and Mossimo unavailable in Canada since then. Cherokee was then carried by Sears Canada for a short period, until it too closed in ...
Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.
Target opened its first Canadian stores in March 2013, and at its peak, Target Canada had 133 stores. However, the expansion into Canada was beset with problems, including supply chain issues that resulted in stores with aisles of empty shelves and higher-than-expected retail prices.
Zellers went in liquidation and closed in June 2012, making way for Target's entry into the Canadian market. Construction began in December 2012 to convert the Zellers store into a Target store, which opened March 25, 2013. Target Canada announced its closure of all its 133 stores in Canada (including the East York Town Centre location).
It was formed in 2013 when Target acquired Zellers leases and converted them into Target stores. Target Canada was in operation for two years until the closure of all stores in 2015. [46] The retail chain racked up losses of $2.1 billion in its brief lifespan, and the Canadian news media termed Target's foray into Canada as a "spectacular ...