[markbarbera]

From what I understand, Target has the 220 leaseholds on Zellers locations once the deal closes. They intend to convert 100-150 of these locations to the Target format ($1 bil in renovations over two years), then will sell off or lease out the remaining locations to other retailers.

Locally, I would guess they will convert to the Target brand at the new warehouse type stores (Shops at Centre, Waterdown, Meadowlands) and 'rationalize' the smaller and/or older locations (U. Sherman and Mohawk, Queenston). Flip a coin on the Upper James and Rymal location, but I'm hedging on it being converted to a Target too.