Content about Discount stores

May 6, 2013
Target opens 24 stores in Western Canada in May

Target announced the soft opening dates for 24 locations in Western Canada, with 22 stores opening on May 7 and two opening on May 14.

March 6, 2013
Target and Fast Company launch mobile competition

Fast Company magazine and Target are sponsoring a competition, the Target Retail Accelerator, that will award $75,000 to a developer who creates the best new mobile app or mobile website for the retailer.

February 27, 2013
Target Q4 slips but tops Street; will open 124 stores in Canada by yearend

Target Corp. reported a profit of $961 million for the fourth quarter, down from $981 million in the year-ago period.

December 17, 2012
Target to open store in Pomona, Calif.

Target announced plans to open a 140,000-sq.-ft. store in Pomona, Calif., in October 2013.

November 27, 2012
Target holiday tour across Canada heralds planned store openings

Target will sponsor a tour across Canada that will visit more than 20 communities ahead of the planned opening of its stores in the country, the retailer said Tuesday.

October 10, 2012
Walmart Canada to grand-open 30 stores in October

Walmart Canada said it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.

August 15, 2012
Target profit flat in Q2; raises outlook

Target Corp. reported that profit for the second quarter remained essentially flat at $704 million.

July 27, 2012
Hudson’s Bay to close most remaining Zellers stores

Canadian retailer Hudson's Bay Co. said it will shutter most of the remaining 64 Zellers stores that aren’t being converted to Target locations.

May 17, 2012
Sears Holdings swings to profit in Q1, to spin off minority stake in Sears Canada

Sears Holdings Corp. reported that it generated a profit of $189 million for the quarter ended April 28, after losing $170 million in the same period last year.

March 29, 2012
Target confirms location of 12 Quebec debut stores

Target Corp. announced the location of its first 12 stores in Quebec.

March 20, 2012
StoreBoard Media Canada teams with Staples Canada and Zellers

StoreBoard Media announced that its licensee, StoreBoard Media Canada, has added Staples Canada and Zellers to its in-store billboard network, which offers marketers an opportunity to advertise their brands on security pedestals located at entranceways and in other high-traffic areas of stores.

March 8, 2012
Target adding expanded food layout to 230 stores

Target Corp. will complete remodels at more than 100 general merchandise Target stores by March 25.

March 5, 2012
Canadian discounter acquires 10 stores from Hudson's Bay Co.

Canadian discount store chain The Bargain! Shop said that it will acquire 10 retail locations from Hudson's Bay Co.’s closing Fields banner, effective Aug. 1.

February 23, 2012
Target reports Q4 profit drop of 5.2%, raises full year outlook

Target Corp. reported that profit for the quarter ended Jan. 28 slid 5.2% to $981 million amid heavy holiday promotional activity.

February 16, 2012
Sears cuts 100 headquarters staff

A spokesman for Sears Holdings Corp. said that the owner of Sears and Kmart stores is cutting 100 jobs at its headquarters in Hoffman Estates, Ill.

January 27, 2012
Target names more Canada store locations

Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.

January 6, 2012
Target announces first 24 stores in Ontario

Target Corp.’s plan to open 125-135 stores in Canada is rapidly taking shape, as the retailer has released the locations of its first 24 stores in the country.

January 3, 2012
Sears releases partial list of store closings; Florida hit hardest

Sears Holdings Corp. has identified 79 of the 100 to 120 Sears and Kmart stores it said last week it would close, with the preliminary list split almost evenly between the two chains.

December 27, 2011
Sears to shutter 100 to 120 Kmart, full-line Sears stores

Sears Holdings Corp. said it will close between 100 and 120 underperforming Sears and Kmart stores, following dismal holiday sales results for the brands.

November 17, 2011
Sears reports wider loss in Q3, misses Street

Sears Holdings Corp. reported that its loss widened in the third quarter on softness in its Canada division and on weaker consumer electronics sales.

September 23, 2011
Target finalizes its real estate in Canada; signs deal with Sobeys

Target Corp. said Friday that it has finalized its real estate transaction with Canadian retailer Zellers with the selection of 84 additional Zellers leases.

August 18, 2011
Sears Holdings loss widens in Q2, misses Street

Sears Holdings Corp. reported Thursday that its losses for the second quarter widened more than expected to $146 million, compared with a loss of $39 million in the year-ago period.

June 27, 2011
Target to transfer leasehold interests on select sites in Canada to Wal-Mart

Target on Friday announced that Target Canada has reached an agreement to transfer to Walmart Canada the leasehold interests in up to 39 sites, currently operated by Zellers.

June 20, 2011
Canada’s tb!s on the Move

In March, Canadian discounter tb!s the bargain shop promoted U.S. retailing veteran Beryl “Jack” Buley to president and CEO. Buley was recruited by the chain in 2010 as executive VP and chief merchandising officer.

June 20, 2011
Kmart laying off 700 appliance workers

Kmart stores is laying off 700 employees in its appliance departments.

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