Target to Celebrate Grand Opening of Toronto Stockyards Store

TORONTO, February 15, 2012 – Target's Canadian guests will have the opportunity to enjoy the Starbucks experience while shopping as a result of a new agreement between Target Canada Co. and Starbucks Coffee Canada, Inc. Under the terms of the agreement, the majority of the 125 – 135 Target locations across Canada will feature Starbucks licensed stores.

"Starbucks has been a valued partner for more than 12 years and an integral part of the Target guest experience in the U.S.," said John Morioka, senior vice president of merchandising, Target Canada.
"Our goal is to bring the true Target brand shopping experience to our Canadian guests, so expanding our relationship with Starbucks as we enter the Canadian marketplace is a natural fit."

Starbucks store openings will coincide with Target's entrance into the Canadian market beginning in spring of 2013. In addition to offering guests their favourite customized beverages, many stores will have breakfast and lunch sandwich selections, as well as whole bean coffee and Starbucks VIA Ready Brew offerings, and other merchandise.

"We continually look for new and relevant opportunities to bring the Starbucks experience to communities across the country, and this strategic relationship represents another way we're able to create meaningful connections with both new and existing customers," said Colin Moore, president, Starbucks Canada. "Building on the success of our relationship in the U.S., we're excited to be joining forces with Target in Canada with a shared commitment to delivering high quality products and an in-store experience that reflects our common values."

Target opened its first Starbucks licensed store location in the United States in 1999. There are now 1,097 Starbucks locations within Target stores in the U.S.

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Toronto - Lowe's Canada has reached an agreement to acquire the leases of 13 former Target Canada locations and to purchase Target's distribution center in Milton, Ontario, for a total purchase price of about $125 million. This acquisition came as part of a real estate auction following Target's decision to cease operations in Canada.

The store sites are located across Canada, many in markets where Lowe's is underpenetrated. The distribution center in Milton, Ontario, is strategically located to serve Lowe's current and future stores. As a result of the transaction, approximately 2,000 jobs will be created in Canada.

"Since opening stores in Canada in 2007, we have developed a successful model for providing the Canadian customer with outstanding service and quality products for the home," said Sylvain Prud'homme, president of Lowe's Canada. "These additional locations will accelerate our expansion across the country, enhancing our presence in Western Canada and strengthening our base in Ontario. We are excited to bring Lowe's to more customers in more communities in Canada, further demonstrating our commitment to this important market."

The proposed acquisitions are subject to court approval and certain other customary conditions. The court-run process is expected to be completed by June 30. Wal-Mart Canada recently reached agreements to acquire one distribution center, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of approximately $136 million.

Niagara Falls, NY, Niagara Falls Target

Jul 12, 2012 - Toronto - Target Canada has finally released the full list of upcoming store locations that are scheduled to begin opening in the spring of 2013. Leases not returned to landlords are to be auctioned off beginning today (May 5), continuing Wednesday and Thursday at the Toronto offices of Osler Hoskin & Harcourt LLP, the firm representing Target Canada in its liquidation proceedings. Earlier this year Target with Oxford Properties Group and Ivanhoé Cambridge to return 11 store leases to the shopping mall landlords for $138M, including locations at Square One Shopping Centre in Mississauga and Upper Canada Mall in Newmarket. All of Target’s Canadian stores have been closed since early April.

10576 Foothill Blvd Rancho Cucamonga, CA 91730-3890

New Target Canada president Schindele has his work cut out for him. More than a year in, some stores are still visibly under-stocked. At three Toronto stores that Reuters visited over the last week, there were still some empty shelves. One location had two cereal sections, and in some places boxes of Cheerios were lined up in single rows on shelves.

Cheektowaga, NY, Walden Galleria Target