Kelowna joins the Target expansion
Kelowna will get it's Target after all.
Target announced Friday the completion of their real estate transaction with Zellers Inc. with the selection of 84 additional Zellers leases, bringing the total number to 189.
From this second group, Target has acquired the leasehold interests for 29 locations, the vast majority of which will open as Target stores beginning in 2013, including in Kelowna.
The West Kelowna location is not a part that second group, which did include 10 other B.C. locations including Penticton and Kamloops.
Only Ontario with 36 stores and Quebec with 16, will have more locations than B.C.
“Target is excited to take another meaningful step toward our expansion in Canada,” says Tony Fisher, president, Target Canada.
“We look forward to delivering a superior shopping experience for our guests throughout Canada and building on our strong reputation as a good neighbour and partner in the communities in which we do business.”
Target announced in January that it would purchase, for $1.825B, the leasehold interests of up to 220 sites currently operated by Zellers and owned by the Hudson’s Bay Company.
In May, Target selected an initial group of 105 leases spanning all 10 provinces, in conjunction with its first payment to Zellers Inc.
The vast majority of those sites were also slated to become Target stores in 2013. Kelowna was not included in that grouping.
Target plans to open 125 to 135 stores in Canada, the majority of which will open in March of 2013.
Before the new stores open, they will undergo a six to nine month closure as they undergo a $10 to $11 million remodelling prior to opening.
Each store in Canada will employ approximately 150 to 200 workers.
The Minneapolis-based Target Corporation includes 1,762 stores across the United States and currently has over 5 and a half million "likes" on Facebook.
Read more Business News
- Missing snowmobilersCentral Okanagan - 7:35 am
- Grow-op garage fireKelowna - 9:08 am
- Victim sleeps in trailer to prevent theftVernon / N. Okanagan - 9:39 am
- Lumby student rules with pastaKelowna - 9:37 am
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...