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,
Target Corporation announced that Tony Fisher has been named president of Target Canada. Fisher will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation's recently announced expansion into Canada.
MINNEAPOLIS, MN, Jan. 18 /PRNewswire-FirstCall/ - Target Corporation "Tony has a strong sense of Target's unique culture, merchandising strategy and brand and a proven record of delivering results," said Michael Francis, chief marketing officer of Target Corporation and executive committee sponsor of Target Canada. "His positive energy, broad merchandise experience and keen understanding of what differentiates Target in the retail industry make Tony well-suited for this new role and position Target for success in Canada." Last week, Target announced that the company has acquired leasehold interests in up to 220 sites from Zellers Inc. and plans to open 100