Lethbridge Misses Target For Zellers Conversion: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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Lethbridge Misses Target For Zellers Conversion

 
 
LETHBRIDGE:  The local Zellers is not on the first list of stores to be converted to a Target retailer.

The U.S. retailer picked 105 locations in 10 provinces,  belonging to 22 different property owners and landlords.

A deal signed earlier this year will see Target take over up to 220 Zellers locations from the Hudson's Bay Co. for $1.825 billion. Target hopes to finalize the acquisition of the sites and pay for the first half of the amount agreed on for the locations.

Target will choose additional locations before it makes a second payment in the fall. Target will also open a Canadian headquarters in Mississauga, Ontario.





Posted on Thursday, May 26, 2011 at 4/21/2014 1:38:33 PM
Source: Dori Modney -- Country 95 News
 
 
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