Search results
Results From The WOW.Com Content Network
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.
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 store during liquidation in Nepean, Ottawa, Ontario, Canada (store #3628), a former Zellers, now a FreshCo. On January 13, 2011, Target announced its expansion into Canada, when it purchased the leaseholds for up to 220 stores of the Canadian sale chain Zellers, owned by the Hudson's Bay Company. The deal was announced to have been made ...
During his tenure, Cornell shut down the loss-incurring Target Canada. [1] Cornell occasionally visits Target stores and asks guests about their shopping experiences. [1] As CEO, Cornell has been featured by news outlets such as CNN, which described him as Target's "ace CEO" and crediting him with the business' strong growth in the 2010s. [9]
Following the closure of Target Canada in 2015, in 2017, the former Target store at the mall was replaced by three new stores, a Saks Off 5th outlet store, Cineplex Cinemas 11 and VIP movie theatre and a Farm Boy food market. In 2018 new stores were added, such as Winners/HomeSense and an Hakim Optical store.
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 ...
The Saint-Georges store was among them and was officially confirmed as a future Target store. [1] Zellers closed on March 14, 2013 and Target opened on September 17, 2013 after extensive renovations to the space. Target occupied the space until March 22, 2015 when the store closed its doors following the bankruptcy of Target Canada. [2]
In January 2015, Target Canada announced that it would close all their stores, including their location at Square One. Target's location at Square One closed in April 2015. The South Expansion was completed on March 1, 2016 adding numerous retailers and a Holt Renfrew anchor store, along with removing the Dollarama and Home Outfitters stores. [11]