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Target Canada Co. is the Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary formed with the acquisition of Zellers store leases from the Hudson's Bay Company (HBC) in January 2011. Target Canada opened its first store in March 2013, and by January 2015 was operating 133 locations ...
The last Target Canada stores closed on April 12, 2015, far ahead of the initial schedule. 2013 security breach. On December 18, 2013, security expert Brian Krebs broke news that Target was investigating a major data breach "potentially involving millions of customer credit and debit card records".
In January 2011, HBC announced that it would sell the lease agreements for up to 220 Zellers stores to the US chain Target for $1.825 billion. In turn, Target announced its intention to convert many of them to Canadian locations of Target, and re-sell the remainder to other parties such as Walmart Canada, resulting in their liquidation and eventual closure. While HBC initially retained 64 ...
This week, Target announced the "difficult" decision to close the doors of multiple store locations following ongoing "safety" concerns.
Is Target open on July 4th?? Here's what to know about Target's Independence Day hours, along with a list of other stores staying open and closed.
List of Canadian retail closures (21st century) Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime.
In January 2015, Target Canada announced that it would close all their stores, including their location at Square One. Target's location at Square One closed in April 2015.