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, with the first 24 to be inaugurated in Mar 2013
and spread across Ontario.
After unveiling 3 pilot stores at Stone Road in Guelph, Milton
Mall Shopping Centre in Milton and Gates of Fergus in Fergus on
Mar 5, this Zacks Rank #3 (Hold) stock will open 17 locations
today. The remaining 4 stores are slated to open on Mar 28.
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.
Today, the people in Canada will gain the access to 17 new
Target stores. These stores will be opened at Ajax - Durham
Centre, Aurora - Aurora Shopping Centre, Brampton - Shoppers
World Brampton, Burlington - Millcroft Centre, Cambridge -
Cambridge Centre, Etobicoke - Cloverdale Mall, Hamilton - Centre
Mall, Lindsay - Lindsay Square Mall, London - Masonville Place,
London - Westmount Shopping Centre, Newmarket - Upper Canada
Mall, Orillia - Orillia Square Mall, Toronto - Centrepoint Mall,
Toronto - East York Town Centre Waterdown - Flamborough Power
Centre, Whitby - Taunton Road Power Centre and Windsor -
The remaining 4 outlets will commence operations next week in
Brampton - Trinity Common, Burlington - Burlington Mall,
Mississauga - Square One Shopping Centre and Toronto - Shoppers
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.
Recently, the company revealed its plans to introduce
smaller-format stores called CityTarget, similar to that of its
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.
AMAZON.COM INC (AMZN): Free Stock Analysis
BEST BUY (BBY): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis
To read this article on Zacks.com click here.