Thursday, January 13, 2011

Target to replace Zellers in Brentwood?

An announcement was made today of the purchase by Target Corp of most Zellers stores in Canada.  Target has stated that it will replace 100-150 of the Zellers stores with brand new Target stores.  The remaining stores will be sold off to retailers like Walmart.

Since Walmart already has a new location on nearby Grandview Hwy in Vancouver and a location at Lougheed Mall, we can expect a Target store to replace Zellers at Brentwood Mall.  Target plans to spend over $1 billion on renovating existing Zellers stores across Canada and converting them into Target stores.
The Zellers sign may disappear by 2013

With Shape Properties currently planning a major redevelopment at Brentwood Mall, we can expect close collaboration between Target Corp and the mall owner during the next 2 years to remodel the mall.  Target plans to open its first stores in Canada by 2013.

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