Quote:
Originally Posted by Arrakis
Hey guys, has anyone heard if Target is going to build onto the Zellers building once Zellers moves out? It's quite small for a Target store. There is a good chunk of land though on the side between Zellers and the Kent store to expand on if needed which would propbably be smart. I would say Target once established in St. John's will end up building a new bigger store in the west end also. Most likely in the new power centre in Southlands area once that gets going. Lets hope.
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Yes, Target has purchased that location and the Zellers in Corner Brook as well. Both stores will be closing by the end of March and then undergoing extensive renovations.
It's is difficult to say what size Target stores will be since they have never been in Canada before. When Wal-Mart first came to Canada in 94 they opened a string of stores in Woolco locations that were far below the standards of their American stores. Our Stephenville Wal-Mart is less than 60,000 sq.ft., which I believe makes it the smallest in Canada and one of the few original stores still operating. The Corner Brook Target will be the same size as the current Zellers since there is no way to expand, unless they go up.
Target wants to be in competition with Wal-Mart, eventually they'll have a Target store up against every Wal-Mart in the province. That could take 10-15 years of slow, well conducted expansion.