Target Corp. is returning to Canada with more than 500 stores , with the splashy fanfare of its previous arrival.
Target is coming back in Canada next month ” said spokesman Jamie Bastian in an emailed statement to The Canadian Press.
After years of anticipation Canadian consumers can soon set their sights on a new shopping destination, as U.S. discount retailer Target has announced plans to bring back its stores north of the border.
“We are very excited to bring back our broad assortment of unique, high-quality merchandise at exceptional values and our convenient shopping environment to Canadian guests coast-to-coast,” Gregg Steinhafel said in a press release promising “a more robust Target presence in Canada over time.”
Target expects to spend approximately $1 billion to remodel and reopen the e stores. The company also says it will have hired up to 20,000 people once its stores are operational.
“Target has to remember that the cost of doing business in Canada is much higher. Operating expenses are higher,” he said. “So with respect to any kind of pricing strategy, that’s something they’re going to have to take into consideration.”
Several things have changed in the Canadian retail industry since Target closed its stores here earlier .
Target Corp. announced that would reopen its 133 Canadian stores.