Target's U.S. executives say they are blown away with consumer response to the opening of the chain's first 24 stores in Canada and expect the foray will be profitable next year.
The arrival of U.S. discount giant Target in Canadian markets will introduce some much-needed retail competition, providing shoppers with more opportunities to benefit from price wars, experts say.
Canadians will see a familiar brand at Target's new stores north of the border this spring as the retailer embarks on a limited-time partnership with Roots.
Target Canada is pledging to donate $1 million to local charities through its Facebook page this holiday season as it moves to establish itself as a good neighbour ahead of next year's arrival on Canadian soil.
American retail giant Target announced Thursday that Glentel Inc (TSX:GLN) has been chosen to handle mobile communications offerings at Target stores in Canada.
Target's arrival in Canada will take a bite out of the sales of several key rivals, according to a new report, though many of those named have said they're not fazed by new competitive pressure from the American retail giant.
Target is reporting that net income for the second quarter was unchanged, with results dragged down by the retailer's upcoming move into Canada. Yet customers are again spending money and the cheap chic discounter raised its earnings outlook.
They may make an odd couple, but discounter Target and luxury merchant Neiman Marcus are jointly offering a limited collection spanning from fashion to sporting goods for the winter holidays.
