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Topic: Target just bought Zellers
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StarFM Breakfast Buzz

1/13/2011 8:13:10 AM
Member since:
Feb 2009
Total posts:946
Target just bought Zellers

Zellers stores across Canada will disappear in a couple of years, as major U.S. retailer Target moves in.  
Target (NYSE:TGT) is spending $1.83 billion to buy up the leasehold interests in 220 Zellers stores from the storied Hudson's Bay Company.  
Though Target says the Zellers brand won't disappear immediately, the deal is the first step in a plan to open between 100 to 150 Target stores by 2013.  
The U.S. retailer, which helped coin the phrase ``discount chic,'' has long been exploring opportunities north of the border.  
However it hit several roadblocks that run the gamut from unattractive real estate locations for potential stores to the economic slowdown that reined in consumer spending.  
Target says that under the agreement Zellers will continue to lease the locations from Target and run them as Zellers stores ``for a period of time.''

 
 
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drewsmommy

1/13/2011 8:19:56 AM
Member since:
Oct 2010
Total posts:45
great!

I love target and there products. I think them buying out Zellers will be great. I find Zellers to be much more expensive than Walmart, Superstore, etc. Target is great.

GGWow

1/13/2011 8:24:50 AM
Member since:
Sep 2010
Total posts:369
Yah!

Target rocks! Although it would be nice to see a full Sears department store in Brandon, too.

Khakz

1/13/2011 9:02:27 AM
Member since:
Apr 2005
Total posts:1622
my last trip to Minot....

...Target was more expensive for EVERYTHING! K-mart was cheaper for food items, and Walmart was cheaper for dry goods.  
 
On the plus side, at least the stores will be clean.  
 
Now for the big question...whats going to happen to their new Winnipeg downtown Zellers that is located in the Bay's basement? I feel HBC should at least keep some of the Zellers stores going (They do very, very well in Winnipeg and Regina), just to create competition. Having only three major discounters creates the current price fixing that we are already seeing. A fourth player would have been better for competition.

Grandmama

1/13/2011 9:07:23 AM
Member since:
May 2009
Total posts:233
I too

would like to see a Sears department store in Brandon - I would think the Brandon market, including rural areas, would be large enough to sustain a Sears store but maybe research would show otherwise. Not sure we need another U.S. based "giant" to take up business in Brandon but I do think Zellers has lots of room to improve so will wait to see how it all plays out.

Khakz

1/13/2011 9:11:17 AM
Member since:
Apr 2005
Total posts:1622
just remember....

  
Grandmama said "would like to see a Sears department store in Brandon - I would think the Brandon market, including rural areas, would be large enough to sustain a Sears store but maybe research would show otherwise. Not sure we need another U.S. based "giant" to take up business in Brandon but I do think Zellers has lots of room to improve so will wait to see how it all plays out. "

Sears is a "US based giant", too.  
 
The only three true Canadian general goods chains left are Loblaws, Giant Tiger, and Canadian Tire...and we have all three already.

Grandmama

1/13/2011 9:15:27 AM
Member since:
May 2009
Total posts:233
True enough Brewskibob,

I guess then I should rephrase to say I would prefer to see a Sears store in Brandon rather than a Target store

Adam

1/13/2011 9:17:43 AM
Member since:
Mar 2005
Total posts:13412
Zellers --->: Target

Kind of torn on this one.  
 
Sad to see less Canadian in retailing, but this is the reality of a big box world.  
 
Unfortunately as far as i could tell Zellers was having a rough time stacking up against Wal Mart. This obviously has potential to change that in a hurry. Also can't be all that bad for staff, who will now be working for a retailer that is likely that much more relevant.  
 
Locally, this can only be good for the mall. It was a big step when Zellers took over that spot but I'm not sure that they ever had a true replacement for Wal Mart in terms of foot traffic. This has a lot of potential to change that to at least some extent assuming that Brandon is one of the locations Target has agreed to pick up.  
 
Other thing to ask is how will this effect Canadian Tire if Target does end up doing more business than Zellers. How much pie is there to go around, or are they different enough that that would never even be a concern? Either way, their Canadian-ness just became that much more of a distinctive quality that they'd be wise to play up in their ads (of course their name already doesn't hurt).  
 
Edited by Adam, 2011-01-13 09:38:46

*Mittens*

1/13/2011 9:35:28 AM
Member since:
Mar 2008
Total posts:0
Good!

I hate zelles, it is overpriced. Target is awesome!  
 
As for target and canadian tire, I dont htink there is anything to worry about. Men will still love going to canaidan tire, and they do have lots of great sales once in awhile that will keep people comming.

Khakz

1/13/2011 9:38:04 AM
Member since:
Apr 2005
Total posts:1622
Help and Hurt

Some of the Prairie malls it will help:  
Brandon Shoppers Mall, Polo Park, Kildonan, Northgate (Winnipeg), Northgate (Regina), Victoria Sq. (Regina), Centre (Saskatoon), Medicine Hat, Red Deer. All these malls will see increased foot traffic in their malls, and have the space for Target to expand in size if they choose to put up Super Targets. Interesting fact: Northgate Zellers in Winnipeg is Zeller's busiest store by sales and foot traffic in Manitoba.  
 
Malls that will hurt:  
Market Mall Saskatoon, Fort Richmond Winnipeg, Downtown Winnipeg, Parkland Mall Yorkton (will likely ditch lease because of the state of the malls they are in as it is)  
Lawson Heights Saskatoon, Lloyd Mall Lloydminister, Polo Park Winnipeg, Town/Country Mall Moose Jaw, Gateway Mall Prince Albert, Deer Valley Calgary, (Stores are on average below 80,000sq ft with absolutely no room for expansion. This would make it too small for a typical Target store. The Polo Park store is a bit larger, but still unexpandable, as its on a 2nd level.)  
 
 
As Target is not opening the full compliment of stores that Zellers currently has (they're only buying the rights to 220 of the 276 Zellers sites sites), I feel HBC should keep the Zellers brand running as a smaller-scale retailer in those 56 or so smaller sites, and just compete with Giant Tiger (similar to a Big Lots or Kmart in the US)  
 
Edited by Brewskibob Khakipants, 2011-01-13 09:40:09

Scott Ryan

1/13/2011 9:49:50 AM
Member since:
Mar 2008
Total posts:44
Giant Tiger

is also owned by HBC, thus it is american

Puffwad

1/13/2011 9:50:04 AM
Member since:
Dec 2007
Total posts:1179
Fantastic

to see everyone so positive about a 'possible' Target store in Brandon. I too would love to see a genuine competitor for Walmart.  
 
However, it is entirely possible and some might suggest more likely that Target head office, after their promised 'period of time' (which they will use to evaluate the potential profitability of a Brandon store) will decide that it's a 'no go!' and the 'slow death' the mall is currently experiencing after the loss of Walmart will be precipitated by the lack of any major player.  
 
Sounds pessimistic I know but financial reality may bite hard on this one!  
 
 
 
Edited by Colin, 2011-01-13 09:51:03

'Allo Duckie!

1/13/2011 10:12:22 AM
Member since:
Nov 2007
Total posts:643
Target

I'm going to love this regardless of their product pricing. I just like their vast array of items available. If I can find a lot of this stuff here instead of ordering online from a different retailer and forking out the excessive shipping costs then I will be one happy camper.

TEN

1/13/2011 10:18:55 AM
Member since:
Jul 2006
Total posts:1798
=

I also doubt that we will see American Target pricing in Canadian stores. Seems everything becomes more expensive in Canada regardless of ownership or where it is produced.

Adam

1/13/2011 10:39:52 AM
Member since:
Mar 2005
Total posts:13412
Brandon

FYI Target has already made contact with the Mayor's office expressing that they are committed to:  
 
"Working with the communities where these new stores will be located to ensure local concerns are heard and understood. This includes working with you and your colleagues in government, commercial partners, community leaders, and future Target team members and guests."  
 
and closing with "I look forward to working with you on this exciting new opportunity."  
 
While it isnt direct confirmation that Brandon will definitely have a Target, i'd call it a very strong indictator that we are in their plans.   
 
 
Edited by Adam, 2011-01-13 10:54:40

CorvidDreamer

1/13/2011 10:52:58 AM
Member since:
Nov 2008
Total posts:593
American ??? :-/

  
Scott Ryan said "is also owned by HBC, thus it is american "

HBC is Canadian

CrazyMike

1/13/2011 11:31:31 AM
Member since:
Feb 2007
Total posts:69
well

  
CorvidDreamer said "
  
Scott Ryan said "is also owned by HBC, thus it is american "

HBC is Canadian "

HBC was bought by Jerry Zucker, an American, in 2006. Jerry Zucker passed away in 2008 and the company was sold to NRDC Equity Partners, a private equity firm from New York. It's been a few years since HBC has been Canadian.

CrazyMike

1/13/2011 11:47:41 AM
Member since:
Feb 2007
Total posts:69
well

  
Scott Ryan said "is also owned by HBC, thus it is american "

Giant Tiger is not owned by HBC. Almost all Giant Tiger stores operate on a franchise model and are locally owned and operated.

StoryTeller

1/13/2011 12:18:39 PM
Member since:
Feb 2010
Total posts:576
Target

New ownership may up the anti for our local store to improve it's appearance. It's dirty and disorganized and yet their prices are still high.  
 
Personally, I'm looking forward to Target!  
 
Edited by The Hat Keeper, 2011-01-13 12:20:50

Doug

1/13/2011 12:24:51 PM
Member since:
Mar 2005
Total posts:6423
Prices

  
*~Liz Lemon~* said "
  
Brewskibob Khakipants said "...Target was more expensive for EVERYTHING! K-mart was cheaper for food items, and Walmart was cheaper for dry goods.  
 
On the plus side, at least the stores will be clean.  
 
Now for the big question...whats going to happen to their new Winnipeg downtown Zellers that is located in the Bay's basement? I feel HBC should at least keep some of the Zellers stores going (They do very, very well in Winnipeg and Regina), just to create competition. Having only three major discounters creates the current price fixing that we are already seeing. A fourth player would have been better for competition. "

I agree with you about Target being more expensive for everything. The last time I was in the states I found that too. I remember the first time I was in Target was last year. We went because we always heard people raving about Target and how awesome it is, we found it to be more expensive than Kmart and Walmart. When I was in Target, I felt like I was in a Zellers anyways, the prices were the same as Zellers here, and alot of the signage in the store looked the same (if that makes sense ) Either way, it will be interesting to see if Brandon actually gets a Target, and how it will do here "

I always thought Target was more upscale re quality wise. Less Chinese goods.  
Also note walmart is well known for specing their items different. A example is Booster packs foe cars. 10 percent less of everything but only 5 percent cheaper. They look the same but when you read the fine print that certainly is not so!  
 
exact same Item name brand etc Target may be more dollars but I would not say that is across the board.  
 
Glad they are coming to Canada!

xcv

1/13/2011 12:47:18 PM
Member since:
Nov 2010
Total posts:1068
Brandon may be not....

I think we have to keep in mind that talk is cheap and Target may just decide that they don't want to replace the Zellers store in Brandon and that would be a slow death or perhaps a fast death to the shoppers mall. I will believe it when I see the Target sign being put onto the building.

foxtrot11

1/13/2011 12:50:30 PM
Member since:
Feb 2009
Total posts:1661
You are not wrong

  
Brewskibob Khakipants said "...Target was more expensive for EVERYTHING! K-mart was cheaper for food items, and Walmart was cheaper for dry goods.  
 
On the plus side, at least the stores will be clean.  
 
Now for the big question...whats going to happen to their new Winnipeg downtown Zellers that is located in the Bay's basement? I feel HBC should at least keep some of the Zellers stores going (They do very, very well in Winnipeg and Regina), just to create competition. Having only three major discounters creates the current price fixing that we are already seeing. A fourth player would have been better for competition. "

Target is pricier in Grand Forks and Minot, because they are preying on cross border shoppers. However I have noticed the further you go from Canadian borders, the better the prices get. Even Fargo has better prices - more on par with Walmart. We went to Minneapolis and did most of our purchasing at Target as the prices were actually better than the Walmarts there. Plus - it a beautiful, bright store with good customer service and room to walk down aisles, which Walmart sorrily lacks everywhere.  
 
The above story is slightly incorrect - Target has only purchased SOME of Zellers. There will be some Zellers stores left standing at least in the short term. I also wondered about the future of the stores - I do like them, even if our Brandon location really falls short in many areas.

Scott Ryan

1/13/2011 1:25:58 PM
Member since:
Mar 2008
Total posts:44
Giant Tiger

is a chain owned by an American equity firm. I was told this dircet by the local store manager.

Khakz

1/13/2011 1:35:55 PM
Member since:
Apr 2005
Total posts:1622
sadly

  
Scott Ryan said "is a chain owned by an American equity firm. I was told this dircet by the local store manager. "

Your local store manager is 150% dead wrong!  
 
Giant Tiger is headquartered in Ottawa, Ontario, and is owned by a co-op of employees and former CEO/founder Gordon Reid, who was born in Vancouver. The Western Canadian franchise rights are secured by the North West Company, based out of Winnipeg, Manitoba. There are 200 stores in Canada, and NONE in the USA.  
 
Maybe inform your local store manager of this little tidbit of information, as some of this info came right from their sites:  
 
Sources: wikipedia, gianttiger.com, northwest.ca  
 

fefman

1/13/2011 1:36:24 PM
Member since:
Nov 2008
Total posts:533
Makes no difference to me.....

I'll still go to Target in the US. If you think we're going to get Target prices in Canada, think again.  
 
Not trying to be a jerk, but my dollars for big shopping days will continue to be going into the US economy until Canadian retailers get the message.  
 
Target, in my opinion, is superior to both Zellers and Wal-Mart.

NOYB

1/13/2011 1:38:10 PM
Member since:
May 2008
Total posts:262
see the link below.

  
Scott Ryan said "is a chain owned by an American equity firm. I was told this dircet by the local store manager. "

It doesn't sound american in this history of Giant Tiger  
 
http://www.gianttiger.com/en/about_gt/

xattitudex

1/13/2011 8:01:07 PM
Member since:
Jun 2008
Total posts:105
Target

I look forward to the possibility of Brandon getting a Target store. There are some brands that put out "exclusive" lines with Target, and it would be great to have access to those items!

Cory KIBILAE

1/13/2011 8:05:06 PM
Member since:
Apr 2008
Total posts:772
!

  
StarFM Breakfast Buzz said " Zellers stores across Canada will disappear in a couple of years, as major U.S. retailer Target moves in.  
Target (NYSE:TGT) is spending $1.83 billion to buy up the leasehold interests in 220 Zellers stores from the storied Hudson's Bay Company.  
Though Target says the Zellers brand won't disappear immediately, the deal is the first step in a plan to open between 100 to 150 Target stores by 2013.  
The U.S. retailer, which helped coin the phrase ``discount chic,'' has long been exploring opportunities north of the border.  
However it hit several roadblocks that run the gamut from unattractive real estate locations for potential stores to the economic slowdown that reined in consumer spending.  
Target says that under the agreement Zellers will continue to lease the locations from Target and run them as Zellers stores ``for a period of time.'' "

Please, let the Zellers name die.  
I think Target would be the best thing to happen to The Mall since Walmart moved out.

braid

1/13/2011 9:33:33 PM
Member since:
Apr 2010
Total posts:4490
Target

will last "in the mall" a very short time. T:hen they will pull out & build their own box store.... & what happens to the mall them ? ? Wonder if the pharmacy will still be if they change from Zeller to Target? I am not a big fan of Target. I find them expensive in the states and I'm sure they will eventually be worse here . Will give wally world some competition at least.

Hammer-of-Jor

1/13/2011 9:47:44 PM
Member since:
Aug 2009
Total posts:2
Not to be a nay sayer

It's not entirely the canadian retailers faults. I know for a fact manufacturers favour to the states price wise. I'd guess due to the larger consumer market down there. I'd rather see my dollar providing jobs for families and keeping stores open here then down there. Sometimes its worth paying a little more to have the convience of local stores in a last minute pinch.

 
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