Tag Archives: Target

Polo Park Owner to Buy Former St. James Target

Polo Park Owner to Buy Former St. James Target

Target
A Canadian flag flies on the car of a customer’s car parked in front of a Target store in in Guelph, Ont. on March 5, 2013. (THE CANADIAN PRESS/Dave Chidley)

The owner of Polo Park Shopping Centre is purchasing Winnipeg’s largest former Target store.

Cadillac Fairview will buy the building and adjacent land in St. James after the retailer’s recent pullout from the Canadian market. The building was constructed only two years ago and had only recently opened in October when Target announced plans to close earlier this year.

The building includes the signature red exterior accents and a covered parking structure.

Continue Reading

Advertisements

Walmart Buys Former Winnipeg Target in Southdale

Walmart Buys Former Winnipeg Target in Southdale

Walmart
(Walmart Supercentre image via Shutterstock)

Walmart has gone shopping and picked up a former Winnipeg Target store.

Walmart Canada will take over the former Southdale Centre Target location as part of a $165 million deal to acquire the leases for 13 former Targets across Canada.

“The 13 stores acquired are well situated, and we are excited to bring Walmart’s successful Supercentre offer to customers in these markets,” said Dirk Van den Berghe, president and CEO of Walmart Canada in a release. “We have served millions of loyal customers, and look forward to continuing to serve them through our stores and growing e-commerce business.”

Continue Reading

Canadian Tire Buys Former Target at Grant Park

Canadian Tire Buys Former Target at Grant Park

Canadian Tire
(Canadian Tire image via ValeStock / Shutterstock.com)

WINNIPEG — Canadian Tire has bought up the lease to the former Target store at Grant Park Shopping Centre.

The retailer said it has purchased 12 leases, formerly held by Target Canada, for $17.7 million.

“We’re always on the lookout for great opportunities. We’ve been tracking certain Target properties for some time and when the opportunity came up, we moved quickly and secured virtually all of them. We chose 12 properties that fit strategically and financially into our store network,” said Michael Medline, president and CEO of Canadian Tire Corporation.

Continue Reading

Target Canada Announces 16 Closures Next Week as it Winds Up Operations

Target Canada Announces 16 Closures Next Week as it Winds Up Operations

By The Canadian Press

Target
The exterior of a Target store is shown in Toronto on Thursday, January 15, 2015. Target will close its stores in Canada, a market that it entered only two years ago. (THE CANADIAN PRESS/Nathan Denette)

TORONTO — Target Canada says it will close 16 locations next week, the first wave of closures as the U.S. retailer winds down its operations across the country.

Employees at each store will be notified about 10 days before the final day of business, said company representative Molly Snyder.

The plans call for the closure of eight stores in Ontario, three in Alberta, two in B.C., two in Quebec and one store in Manitoba.

Continue Reading

What Will Fill Canada’s Target Void?

What Will Fill Canada’s Target Void?

By Roger Currie

Target
A Target store in Saint-Eustache, Que., is shown on Thursday, Jan. 15, 2015. Target says it will close its stores in Canada — a market that it entered only two years ago. The U.S. based retail company has 133 Canadian locations and 17,600 employees across the country. (THE CANADIAN PRESS/Ryan Remiorz)

Canadians will soon have one less choice when it comes to shopping, and some of the remaining choices look shaky as well. Almost none of them are owned in this country.

Over the past two years, the American retailer Target opened 133 stores in Canada, providing jobs for more than 17,000 Canadians. They have been losing money from the get go, and they’ve decided to cut their losses and close all their big shops. Target was supposed to be a brand that was pre-sold here. For many years, cross-border shoppers have been visiting Target stores in North Dakota and elsewhere, but when the Canadian outlets came along, it just wasn’t the same. Prices were higher and there weren’t as many choices.

Continue Reading

Target’s Failure a Lesson for Other U.S. Retailers Eyeing Canada, Experts Say

Target’s Failure a Lesson for Other U.S. Retailers Eyeing Canada, Experts Say

By Alexandra Posadzki, The Canadian Press

Target
Liquidation items for sale are shown in a Target store in Saint-Eustache, Que., on Thursday, Jan. 15, 2015. Target says it will close its stores in Canada — a market that it entered only two years ago. The U.S. based retail company has 133 Canadian locations and 17,600 employees across the country. (THE CANADIAN PRESS/Ryan Remiorz)

TORONTO – U.S. retailers planning to cross the border can learn some valuable lessons from the failure of Target, which announced Thursday it is shutting down its 133 Canadian stores just two years after its much-anticipated launch.

“It’s a huge thing, after two years, for a brand like Target to wave the white flag,” said Doug Stephens, the founder of Toronto-based consulting firm Retail Prophet. “I think that really sends a very strong message to others that maybe the Canadian market isn’t the easy pickings that they thought it might be.”

Canadians, who had high hopes for the discount retailer known for its broad product selection and low prices, were underwhelmed when they discovered bare shelves and less-than-impressive pricing in the new locations.

Continue Reading

Target Expanding in All 10 Provinces This Year

Target
An empty Winnipeg Target store prior to its official opening in May 2013. (STAN MILOSEVIC / CHRISD.CA FILE)

Target will continue its push into Canada this year by adding nine more locations to the 124 stores it already operates nationwide.

The majority of the new stores will open in Ontario, with single store additions planned for Quebec, Manitoba, Alberta and B.C. In total, new stores will open in all 10 provinces.

“The past year marked a major milestone for Target as we delivered on the unprecedented goal of opening 124 Target stores across ten provinces in 2013,” said Tony Fisher, president of Target Canada. “As we head into 2014, we will continue to enhance the guest experience at all stores, while continuing to expand our presence in new Canadian neighbourhoods.”

Continue Reading

Target’s Grant Park Store to Open November 13

Target
An empty Winnipeg Target store prior to its official opening in May 2013. (STAN MILOSEVIC / CHRISD.CA FILE)

Target is set to open another batch of its Canadian stores months after first debuting north of the border.

Grant Park Shopping Centre’s long-awaited Target will open to the public on November 13 — the last of the Winnipeg stores to open.

Thirty other Canadian Targets will open the same day, with two more locations opening on November 22. Additional stores opening beyond 2013 will be announced at a later date to complete the chain’s rollout.

Continue Reading

Target, Hot Wheels to Transform Shoppers’ Rides

Target, Hot Wheels to Transform Shoppers’ Rides

(FILE)
(FILE)

Local car buffs will have the chance to turn their own vehicles into life-sized versions of popular Hot Wheels collectables on Saturday.

Target and Hot Wheels are teaming up at the Southdale Centre location for the special promotion.

Winnipeggers can have their pictures taken in their cars and have their rides eternalized with a Hot Wheels-like appearance. One lucky family who attends will also have the chance to win a 2013 Chevrolet Camaro 1LT Coupe.

The free event runs from 10 a.m. to 4 p.m.

— Staff

Two Target Stores to Open Tuesday

Target - Kildonan Place Shopping Centre
Target’s new store at Kildonan Place Shopping Centre (STAN MILOSEVIC / CHRISD.CA)

Shoppers, on your marks.

Two Target stores are set to open their doors at 8 a.m. on May 7, and they’re expecting a rush.

“If we can have a large turn out, you won’t hear us complaining at all,” said Derek Jenkins, vice-president of external relations for Target Canada.

“This is our soft opening, so it helps us to test our systems… and helps our team members to train.”

The locations at Kildonan Place Shopping Centre and Southdale shopping Centre will open, along with the location in Brandon and 20 other stores in Western Canada. The Grant Park Shopping Centre is expected to open this fall or winter.

On Monday, Target invited the media for a sneak peek of their KP location.

View the photo gallery below.