By
Reuters
Reuters
Published
Jan 14, 2011
Jan 14, 2011
U.S. retailers eye Canada for expansion
By
Reuters
Reuters
Published
Jan 14, 2011
Jan 14, 2011
Target Corp's entry into Canada is not the first by a U.S. retailer.
Here are some details of the Canadian operations of some U.S. and global retailers:
Wal-Mart Supercentre in Mississauga, Ontario |
* 1989: Gap sets up shop.
* 1991: Staples opens "The Business Depot" in Canada, where it has 311 stores, according to its website.
* 1994: Wal-Mart enters Canada. It has 323 stores in the country.
* 1994: Home Depot enters market. It has 179 stores and 28,000 employees in Canada.
* 1995: First Banana Republic store opens.
* 2001: Best Buy enters the country with the acquisition of Future Shop in 2001.
* 2001: First Old Navy store opens.
* 2002: First Best Buy Canada stores open.
* 2004: Hennes & Mauritz opens store in Toronto. It has 53 stores in the country.
* 2005: Abercrombie & Fitch opens its "Hollister" and "Abercrombie & Fitch" stores.
* 2007: Lowe's enters Canada. The home improvement chain has 21 stores and 3,540 employees.
* 2011: Target signs C$1.83 billion deal to buy leases of Hudson Bay Co-owned Zellers. It says it will run 100 to 150 stores under its own name in Canada by 2014.
(Compiled by Solarina Ho and S. John Tilak)
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