Target Announces First Canadian Stores
Thursday, January 5th, 2012Target Canada announced its first wave of 24 stores that will be opening in Ontario in early 2013. It is not a surprise to see the first cluster of stores all located close to its Ontario based supply chain and head office. These stores will benefit from short supply chain lead times and the close [...]
Target Watch: Video Games, Doritos and Mountain Dew
Wednesday, November 23rd, 2011Recently we were in Minneapolis touring Target stores in advance of our Canada 101 session and we saw a unique display that shows great understanding of shopper needs and the out of the box thinking about merchandising for which Target is famous. The display pictured below is located in the “PFresh” food section and contains [...]
Target Store List Gets A Little Clearer – And Muddier
Friday, September 23rd, 2011On Friday, Target announced the final list of 84 Zellers leases that they would purchase from HBC. These locations are in addition to the 105 stores announced back in May and the one purpose built store slated for Toronto that was announced in June. However, the story is more complicated. Included in the 84 stores [...]
Back To Campus – Canada’s Next Retail Event
Friday, September 16th, 2011For years we have been accustomed to signing Christmas tunes in August, as Staples owned the share of voice for Back To School with its “Most Wonderful Time Of The Year” television ads (even though in our opinion they dropped the ball by hiring a B-cast member of “Glee” for the 2011 campaign). Walking in [...]
SINS Canadian Retail Index – Week Ending July 1, 2011
Saturday, July 2nd, 2011At the end of Q2 the fates of the Canadian Retail Stocks that make up the SINS Index have met a range of fates so far in 2011. Our best performing stocks YTD are: Forzani Group (+44.3%), which was taken over by Canadian Tire in Q2; Jean Coutu (+14.3%) and Dollarama (+13.5%). The stocks that [...]
Target Announces Purpose Built Flagship Store In Toronto
Wednesday, June 8th, 2011Retail developer Rio Can has announced that they will be building Target’s “flagship” store for their Canadian operations in Toronto’s West End. The first purpose-built Target (not converted from a Zellers store) will be built at St. Clair Ave. and Weston Rd. The area already features prominent retailers such as Canadian Tire, Future Shop, The [...]
Target Identifies First 105 Sites – SINS Predictions 97% Accurate
Friday, May 27th, 2011Target surprised the industry this week by identifying the first 105 sites that they will convert from Zellers stores to Target with the goal of opening for business in 2013. This past February, SINS conducted a store by store analysis to determine the sites that Target would choose to convert and we are happy to [...]
Updates: SINS Canadian Retailer Year In Review
Friday, May 20th, 2011We are pleased to announce that updates are now available for 16 Canadian Retailers in our SINS Canadian Retailer Year In Review. In this popular report we feature 23 of the largest publically traded retailers in Canada in concise one-page snapshots which highlight the key achievements over the past year and a glimpse at their [...]
Target Looks To Reach $6 Billion in Canadian Sales
Thursday, April 7th, 2011Reuters reported this week that Target will be looking to achieve $6 billion in turnover at its Canadian operations as it looks to grow to a $100 billion company in six or seven years time. Target CFO Douglas Scovanner also seemed to give the first indication that the store count in Canada could reach up [...]
Target Mobile App – Cross Border Benchmark
Wednesday, March 30th, 2011Canadian retailers are looking south to better understand Target before they arrive in Canada in 2013. The mobile shopping app from Target is the benchmark that Canadian retailers should be measuring themselves against. Although Canadian Tire and Home Depot have good apps, they both meet fewer of our “perfect app” criteria than the Target app. [...]
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