Target Continues Canadian Expansion

Minneapolis-based Target Corp. has finalized its real estate transaction with Zellers Inc., a subsidiary of Hudson’s Bay Co., with the selection of 84 additional Zellers leases, added to the initial group of 105 leases selected in May 2011, according to www.progressivegrocer.com. From this second group, Target has acquired the leasehold interests for 29 locations, the majority of which will open as Target stores beginning in 2013. The remaining leases have been or will be sold to other Canadian retailers or back to landlords. “Target is excited to take another meaningful step toward our expansion in Canada,” said Tony Fisher,