With Target, Canada’s retail landscape set for massive makeover

From GlobeandMail.com: “Less than three years after Richard Baker bought a struggling Hudson’s Bay Co. from the widow of its former owner, the New York investor is set to pocket close to $2-billion in a deal that accelerates Target Corp.’s entry into Canada.

HBC sold the bulk of its weakest chain, Zellers Inc., to the U.S. retail giant. Target will assume control of up to 220 Zellers stores and said it will spend more than $1-billion to convert 100 to 150 of them to its own banner within the next two to three years.” See full article at GlobeandMail.com

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