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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.
In turn, Target announced its intention to convert many of them to Canadian locations of Target, and re-sell the remainder to other parties such as Walmart Canada, resulting in their liquidation and eventual closure. While HBC initially retained 64 Zellers locations, it announced on July 26, 2012, that all of them would be liquidated and closed ...
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 ...
Target's longtime goal of rolling out 100 to 150 stores in Canada in 2013 and 2014 is starting to take shape. The discount retailer opened its doors in the country earlier this month, with three ...
Seems Target is looking to open discount stores in Canada, marking the first International expansion for the Minneapolis-based retailer. What's this, you say? Target doesn't have stores in Canada yet?
Walmart's location at Centre Laval was demolished to allow a Target store on its location that operated from 2013 to 2015. The store closed when Target took the decision to withdraw all its Canadian operations. As of October 2017, part of that space was occupied by a 70,000 square foot Sportium sport equipment store. [13]
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Source: target.ca Target's biggest growth opportunity exists in Canada. Despite the company not performing well there so far, improvements are possible. That said, Target is making a big bet that ...