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Target discloses first Canada store locations
MINNEAPOLIS — Target has disclosed the location of its first 24 stores in Canada. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.
Target plans to open stores in the following locations in March/early April 2013:
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London Westmount, Westmount Shopping Centre
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Kawartha Lakes, Lindsay Square Mall
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Family Dollar Q1 profit up 8%, revenue misses Street
Matthews, N.C. -- Family Dollar Stores Inc. reported Thursday that its first quarter profit rose 8% to $80.4 million, compared with $74.3 million in the year-ago period.
Sales for the period ended Nov. 26, 2011, rose to $2.15 billion from $2 billion in the year-ago period, missing Wall Street’s expected $2.17 billion in revenue. Same-store sales rose 4.1%.