InterStratics is monitoring ongoing events relating to the Target Canadian expansion program and will provide "as is" updates based on publicly disclosed information.
InterStratics Consultants Inc. is not affiliated with the Target Corporation or its Canadian development team.
If you would like access any of the source files we have compiled (GIS, market analysis etc.) please contact us at: info@interstratics.com
Target Canada Information Page here
Maps:
Responses of Major Retailers to Target's entry in to the Canadian Market (including current locations):
Monday, March 18, 2013 at 5:45PM March 18th Speaking about Guelph, Fergus and Milton, John Morioka, senior vice-president of merchandising for Target Canada said: “We definitely were slammed,” said Morioka, speaking at a media tour of the two-storey Target at the East York Town Centre that opens Tuesday.
Tuesday, January 15, 2013 at 4:49PM Second Round of Target Opening Dates, from Target May 6th 2013
First Round of Target Opening Dates, from Target March 18th 2013
First three locations opened Tuesday March 5th
Guelph, Ont. - 175 Stone Road West, Guelph, ON N1G 5L4
Milton, Ont. - Milton Mall Shopping Centre, 55 Ontario Street South, Milton, ON L9T 2M3
Fergus Ont. - Gates of Fergus, 900 Tower Street South, Fergus, ON N1M 3N7
Source: Globe & Mail
Target Canada Press release
Below is the latest information regarding Target opening dates. We are monitoring the progress of the expansion and will update the list as new information is released:
View Target Opening Dates in a full screen map
Summary of Target leases:
48 Target locations will open by Spring 2013
19 Target locations will open during Summer 2013
49 Target locations will open during Fall 2013
7 Target locations will open during Winter 2013
8 confirmed Target locations opening dates are still pending
1 confirmed location to open by 2015 after mall expansion (Bayshore Shopping Centre)
16 leases held by Target are yet unconfirmed as new Target or Walmart locations
Below are pictures of the East York Town Centre Target:
From Target Feb 27th earnings call:
Comments on Canadian portfolio:
First Wave, Southern Ontario:
4 Additional waves will see an additional 100 locations open by Christmas, 20-28 locations per wave
Additional info:
There have been media reports that there will be an invitation only Target opening at Shoppers World Danforth in Toronto on March 27th. The first three Ontario locations opened to the public after a media only event the day before. So, March 28th is the potential opening date for this (and other?) locations.
Here is an invitation only event from @theraychan
From Twitter (Wed. AM):
Monday, January 7, 2013 at 10:40AM As Target moves in to the Canadian retail landscape, many existing large retailers will find their markets impacted by the American discount chain. These retailers include Canadian Tire, Walmart, Sears, and The Bay. The map below shows the concentration of these stores in relation to the new Target locations:
View Target Impact in a full screen map
Thursday, November 15, 2012 at 3:27PM Next earnings release scheduled for Feb 27th 2013
Detailed Target Canada Info here
Target Management Discusses Q2 2012 Results - Earnings Call Transcript
Tuesday, May 22, 2012 at 1:59AM
View Target/Zellers Map in a full screen map. Map Updated as of January 15th, 2012.
Fullscreen list here
