Target opening nine more stores in Canada

As Originally Seen in Daily Commercial News :

Minneapolis-based Target Corporation is planning to continue its expansion into the Canadian retail shopping market this year by adding another nine locations in both eastern and western provinces.

“The past year marked a major milestone for Target as we delivered on the unprecedented goal of opening 124 Target stores across 10 provinces in 2013,” said Tony Fisher, president of Target Canada.

“As we head into 2014, we will continue to enhance the guest experience at all stores, while continuing to expand our presence in new Canadian neighbourhoods.”

The entry of Target into the Canadian market in 2013 is the company’s largest ever single year of store openings.

It is also Target’s first retail store expansion outside of the United States.

The majority of the nine new stores that will open in 2014 will be located in Ontario.

However, there are also single store additions planned for Quebec, Manitoba, Alberta and B.C.

The new stores opening in the spring of 2014 include: The Stockyards, Toronto; Kingsway Mall, Edmonton and Hillside Centre, Victoria.

In the summer, new stores will be opened in Erin Mills Town Centre, Mississauga; Park Place, Barrie; and Carrefour Candiac in Candiac, Quebec.

And, in the fall, new retail outlets will open in St. Laurent, Ottawa; Sheridan Centre, Mississauga; and Polo Park in Winnipeg.

As part of the transformation of an old outlet to a new one, the buildings are totally gutted and taken back to base structures by demolition contractors.

All the interior elements are either demolished or removed including the mechanical and electrical systems.

Most of the material is being recycled.

Target is investing about $10 million to $11 million on average to remodel and renovate each location.

The renovation of leased sites will result in an aggregate investment of more than $1 billion.

According to Target’s 2012 annual report, the company is pursuing LEED certification for all 124 of their Canadian stores that opened in 2013.

Sustainable practices include features designed to conserve energy and water, reduce greenhouse gas emissions, limit waste sent to landfills during construction and more.

In September 2013, Target announced that 68 of their newly launched locations achieved LEED certification.

The company revealed a plan in January 2011 to acquire the leasehold interests of up to 220 sites operated by Zellers Inc. for $1.825 billion.

Zellers is a subsidiary of Hudson’s Bay Company.

In conjunction with its first payment to Zellers in May 2011, Target selected an initial group of 105 leases in 10 provinces.

Target finalized a real estate transaction with Zellers in September 2011, which involved the selection of 84 Zellers leases.

This sale brought the total number of leases selected to 189.

The 84 leases were part of Target’s second and final selection, which included 39 leases that were transferred to Walmart.

In the same deal, Target acquired the lease for one of Walmart’s vacant properties.

While Target entered the Canadian market in 2013, Walmart was investing almost half a billion dollars to expand in the country.

In January 2013, Walmart Canada announced plans to complete at least 37 supercentre projects during the fiscal year, which was Feb. 1, 2013 to Jan. 31, 2014.

At the same time, the company said it will be expanding its distribution network to support its ongoing store growth and expansion plans.

The company expects to invest more than $450 million in the distribution centre projects, construction of new stores, and expansion, remodelling or relocation of existing stores.

As of Jan. 31, 2013, Walmart Canada had 379 stores, including 209 supercentres.

The expansion plan was expected to increase the company’s store count to 388 by the end of January, 2014.

Western Canada Target project teams :
Polo Park, Winnipeg, Manitoba
Bird Construction Company
Stantec Architecture Ltd. Cobalt Industries
Abesco Ltd
North Star Foam Inc.
Alpha Masonry Ltd
Oakwood Roofing & Sheet Metal
Thor Plumbing & Heating Ltd.
Forest City Fire Protection
McCaine Electric Ltd.
QSI Interiors Ltd
Neufeld’s Carpentry Inc.
Hay Decorating
Imperial Flooring Ltd
ThyssenKrupp Elevator
Hillside Centre, Victoria, B.C.
EllisDon Corporation
MMC International Canada Architects
CEI Architecture Planning Interiors
Sharp & Diamond Landscape Architects
Kingsway Garden Mall, Edmonton, Alta
Ledcor Construction Limited
Stantec Architecture Ltd.

According to Target’s 2012 annual report, the company is pursuing LEED certification for all 124 of their Canadian stores that opened in 2013.

Target Opening Nine More Stores In Canada : News & Media : Bird Construction