With the announcement of the opening dates of 33 stores,
) accomplished its goal of opening 124 stores in Canada in 2013.
Of these, 31 outlets are slated to be opened on Nov 13, while the
remaining 2 will be opened on Nov 22. These stores will be opened
across 9 provinces, including New Brunswick, Prince Edward Island
and Newfoundland, where the company debuts its stores.
We believe that the opening of stores outside the United
States will definitely boost the company's top and bottom lines
and improve its cash flow generation capability. The stores will
carry items ranging from beauty and apparel to home, grocery, and
Some of the brands that would find shelf space in the Target
stores include Nate Berkus Collection, the Sonia Kashuk
Collection, Giada De Laurentiis and Shaun White apparel. The
stores would also feature a wide range of Target owned and
exclusive brands, such as C9 by Champion, Circo, Archer Farms,
Market Pantry and Up & Up.
Target, which carries Zacks Rank #3 (Hold) intends to focus on
its core businesses. The company plans to sustain its remodeling
program at the existing general merchandise locations by the
addition of an expanded food section along with a greater
assortment of dry dairy and frozen items, improved store layout
and enhancement of in-store shopping experience across
departments, such as apparel, home, beauty, shoes and baby.
Alongside, Target is seeking promising expansion opportunities
in international markets such as Canada and Latin America. The
company is also introducing smaller-format stores called
CityTarget, similar to that of its biggest rival,
Wal-Mart Stores Inc
Moreover, Target announced its year-round price matching
policy with the aim of offering its patrons the facility to match
the prices offered by online retail giants.
The company will match prices with
) Amazon.com, Wal-Mart's Walmart.com,
Best Buy Co. Inc
) BestBuy.com, and Toysrus.com. Target believes that its price
matching policy coupled with the REDcard reward program would
provide it an edge over its competitors.
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