CANADA: Target expands with additional stores
General merchandise retailer Target Corporation is to open an additional 20 stores in Canada this month, as part of ongoing expansion plans.
The news comes after the Minneapolis-based company opened its first three stores in Canada earlier this year, followed by a further 45 between March and May. Target plans to open 124 stores across Canada this year.
The new stores will open in British Columbia, Alberta, Saskatchewan and Ontario between 16-30 July.
Target lowered its full-year earnings outlook in May, after higher interest charges as well as soft apparel sales weighed on first-quarter profits. Net earnings declined 28.5% to US$498m, while sales climbed 0.5% to $16.6bn.
Target Announces Opening of 20 Additional Store Locations Across Canada
Summer openings span four provinces, including first stores in Saskatchewan
MISSISSAUGA, ON, July 4, 2013 /CNW/ - Target is pleased to announce that an additional 20 stores will be opening in British Columbia, Alberta, Saskatchewan and Ontario between July 16 and July 30. The openings mark the first Target store locations inSaskatchewan and follow the opening of 48 stores across Canada earlier this year. These 20 locations officially push Target past the halfway mark for store openings this year, as the retailer plans to open 124 stores across Canada throughout 2013.
"After opening stores in Ontario and Western Canada, we're excited to bring the unique Target brand shopping experience to additional locations in these markets and to welcome our first guests in Saskatchewan," said Tony Fisher, president, Target Canada.
Locations opening to the public on July 16 include:
British Columbia (2)
Courtenay - Driftwood Mall
Kelowna - Orchard Plaza
Calgary - Signal Hill Centre
Medicine Hat - Medicine Hat Mall
Regina - Northgate Shopping Centre
Saskatoon - The Mall at Lawson Heights
Saskatoon - Centre at Circle & Eighth
Ancaster - Meadowlands Power Centre
Chatham - Thames Lea Plaza
Hamilton - South Hamilton Square
Hamilton - Queenston Place
Kitchener - Laurentian Power Centre
Niagara Falls - 7190 Morrison Street
North Bay - 1899 Algonquin Avenue
Oakville - South Oakville Centre
Oshawa, Ontario - Five Points Mall
Thunder Bay - Intercity Shopping Centre
Welland - Seaway Mall
The Kingston Cataraqui Town Centre store will open on July 23, followed by the Brampton Bramalea City Centre store on July 30.
Guests will be welcomed into bright, clean stores with wide aisles, great guest service and a trend-right merchandise assortment. The majority of the 20 locations will feature a licensed Starbucks, as well as an in-store pharmacy designed to provide guests with superior patient-centered healthcare.
Target is committed to providing Canadian guests with a one-stop shopping destination for affordable, stylish, quality products, including beauty, apparel and accessories, home, grocery, personal care and more. Each store will carry an extensive range of Target owned and exclusive brands, including C9 by Champion, Circo, Archer Farms, Market Pantry and up & up; exclusive, limited time collaborations with Roots and footwear brand Sam & Libby; and ongoing collaborations such as the Nate Berkus Collection, the Sonia Kashuk Collection, Giada De Laurentiis for Target, and Shaun White apparel.
For more information on store locations and hours of operation, please visit target.ca.
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,832 stores - 1,784 in the United States and 48 in Canada - and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target's commitment to corporate responsibility, visit target.ca/corporateresponsibility.
Original source: http://www.prnewswire.com/news-releases/target-announces-opening-of-20-additional-store-locations-across-canada-214269831.html
General merchandise retailer Target Corporation has laid off around 150 employees as part of a restructuring of roles and responsibilities at the business....
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