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Jan 20, 2015 · Why Target’s Canadian Expansion Failed. Denise Dahlhoff is the Research Director of the Baker Retailing Center at the Wharton School of the University of Pennsylvania.
Nov 1, 2023 · In 2013, Target, the U.S. retail giant, made an ambitious move into the Canadian market, opening 133 stores nationwide. What seemed like a promising endeavor soon turned into a cautionary tale,...
Jan 15, 2015 · May 26 – From the initial 220 Zellers leases, Target announces it has picked 105 store locations across all 10 Canadian provinces to develop into Target stores. The company plans to invest an average of $10 million to renovate each site. Aug. 31 – Target kicks off its Canadian hiring campaign.
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 for 1.8 billion dollars.
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. Target Canada opened its first store in March 2013, and by January 2015 was operating 133 locations throughout Canada.
Jan 21, 2016 · On the first anniversary of the company’s bankruptcy filing, Canadian Business spoke to close to 30 former employees in Canada and the U.S. to find out how Target, one of the best retailers in...
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Dec 31, 2014 · Due to Canadian packaging laws, protectionist tariffs on certain food products and exclusive wholesale agreements, Target’s U.S. network cannot serve its Canadian business.
