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Metro interested in some Target Canada stores


Montreal – Canadian grocery retailer Metro Inc. is interested in purchasing some of the 133 Canadian stores Target Corp. finished closing earlier this month. In an April 22 conference call with investors, Metro said the possibility exists that it will try to purchase certain former Target stores.

"There are a few of those stores that could be of interest to us down the road if they become available," Eric La Fleche, CEO of Metro, said during the call.

Target previously said it expects to have all real estate transactions resulting from the closure completed by June. Canadian department store conglomerate Hudson’s Bay Co. has also publicly expressed interest in purchasing some of the former Target stores in Canada.

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