Target Plans Expansion Into Canada in 2013

MINNEAPOLIS — Target Corp. said last week it expects to open its first Canadian stores in 2013 following the signing of an agreement to purchase leasehold interests in up to 220 sites from Zellers Inc., a subsidiary of the Hudson's Bay Co., Toronto, at a cost of approximately $1.9 billion (U.S.). Target said it expects to open 100 to 150 stores across Canada in 2013 and 2014. It anticipates renovating

MINNEAPOLIS — Target Corp. said last week it expects to open its first Canadian stores in 2013 following the signing of an agreement to purchase leasehold interests in up to 220 sites from Zellers Inc., a subsidiary of the Hudson's Bay Co., Toronto, at a cost of approximately $1.9 billion (U.S.).

Target said it expects to open 100 to 150 stores across Canada in 2013 and 2014. It anticipates renovating some of the Zellers locations, at an aggregate cost of more than $1 billion,

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