In order to expand its global footprint,
) has been focusing on the Canadian market for quite some time
now. To materialize its plans, the company will be opening 124
stores in 2013. After unveiling the first 24 stores in Mar 2013
that are spread across Ontario, this Zacks Rank #3 (Hold) company
is now aiming toward opening an additional 24 outlets in Western
Beginning today, the residents of Canada will gain access to
22 new Target stores, comprising 10 in Alberta, 9 in British
Columbia and 3 in Manitoba. Two more stores will be inaugurated
on May 14, one each at Alberta and British Columbia.
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 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
). Target is now operating five CityTarget stores in Los Angeles,
Seattle, Chicago and San Francisco, and plans to open three more
outlets in fiscal 2013.
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.
AMAZON.COM INC (AMZN): Free Stock Analysis
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