Kohl's Looks to Canada for Store Expansion
Kohl’s is scouting out locations in Canada in a preliminary look at bringing its mid-priced department stores to the country, industry sources say. U.S. retailers, grappling with economically fragile consumers at home, are increasingly turning to Canada for more fertile ground. Some of them, including Kohl’s, had counted on adding new stores in states such as California, Florida and Arizona but those markets were ravaged in the recession. Now clothier J. Crew, discounter Target Corp. and lingerie retailer Victoria’s Secret are among U.S. merchants preparing to take the leap across the border.