by creitadmin on June 28, 2011
Back in January, HBC sold the bulk of its weakest chain, Zellers Inc., to U.S. retail giant Target. Target assumed control of up to 220 Zellers stores and is spending $1-billion to convert 100 to 150 of them to its own brand.
But what of the remaining locations?
Late last week competing retailer Walmart signed a deal with Target Canada to assume leases at up to 39 sites currently operated by Zellers Inc. Walmart’s plan is to open “urban stores” called “Urban 90“.
Says the Toronto Star:
Many Zellers stores are smaller than a typical Wal-Mart, and certainly much smaller than the “supercentre” format Wal-Mart has been focused on in recent years. Wal-Mart’s supercentres have a general merchandise store and full grocery store and are up to 200,000 square feet, double a typical Zellers.
by creitadmin on May 26, 2011
Target recently unveiled where it will open its first stores in Canada (US-based Target bought Zellers from HBC earlier this year). There will be 105 new Target stores opening across Canada, and every one of these stores will replace an existing Zellers.
The list of Zellers store sites announced by Target encompasses those held by 22 different landlords and represents about half of the leases it could potentially take over from the discount retailer, a unit of Hudson’s Bay Co. There are properties in 10 provinces;
- 15 in British Columbia
- 13 in Alberta
- 2 in Saskatchewan
- 5 in Manitoba
- 45 in Ontario
- 19 in Quebec
- 1 in New Brunswick
- 2 in Nova Scotia
- 1 in PEI
- 2 in Newfoundland and Labrador
We’ve posted a complete list of Canadian Target locations after the jump:
[click to continue…]
