top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Target Announces Canadian Entrance

A SuperTarget.
A SuperTarget.

(Filed Under Financial and General Interest News). The trend toward international expansion continues with Target Corp. The Minneapolis-based company announced Friday that it has purchased 220 sites from Canadian-based Zellers Inc., a subsidiary of the Hudson’s Bay Company, for $1.825 billion, with plans to open its first stores in the country in 2013.

This marks Target’s first venture outside of the United States. The company expects to open 100 to 150 Target stores throughout Canada in 2013 and 2014, with the hopes of establishing a strong foundation for a larger Target presence in Canada in the future.

Through the venture, Target expects to create “tens of thousands of jobs.” In the United States, a typical Target employs 150 to 200 employees. The company has appointed Michael Francis, its chief marketing officer, the executive committee sponsor of its entrance into the Canadian market.

Gregg Steinhafel, chairman, president and chief executive officer of Target, described the Canadian expansion as financially beneficial to both the company and the communities it will enter. “We are very excited to bring our broad assortment of unique, high-quality merchandise at exceptional values and our convenient shopping environment to Canadians coast-to-coast,” he said. “We believe our investment in these leases will strengthen the surrounding communities as well as create strategic and financial value for Target stakeholders.”

Target Corp. currently operates 1,752 stores in 49 states selling a range of products, including intimate apparel, hosiery, swimwear and activewear for men and women.

more Financial and General Interest News >>

Published 01-14-2011 by Amanda Torres Price

Related Articles

Target Plans In-Store Specialty Shops
Target Goes Smaller for Cities
Target Appoints Fisher For Canada
Target Announces Canadian Entrance
Target To Open 21 in 2011
Target 1Q Earnings Break Record
Target Launches Posen Swim
Target To Open 26 Stores
Target: 2.7% 2Q Sales Drop
Target Opens 45 Stores, But Plans To Open Additional At Slower Pace

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow