Target Plans Canadian Invasion

Target has acquired Canadian real estate from Zellers valued at $1.8 billion. This is a prelude to the planned expansion into the Canadian market with 100-150 stores expected to open by 2014.

“This transaction provides an outstanding opportunity for us to extend our Target brand, Target stores and superior shopping experience beyond the United States for the first time in our company’s history .. We are very excited to bring our broad assortment of unique, high-quality merchandise at exceptional values and our convenient shopping environment to Canadian guests coast-to-coast. We believe our investment in these leases will strengthen the surrounding communities as well as create strategic and financial value for Target stakeholders.”

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