Target to Open Its First Canadian Stores in 2013

Target will open its first stores in Canada in 2013, the second-largest discount retailer in the U.S. announced in a statement Thursday. The company agreed to pay $1.84 billion to acquire the leasehold interests for as many as 220 sites operated by Hudson's Bay Co.'s Zellers stores.

Target Going Canadian

It's official, Target is expanding north of the border, and has agreed to pay C$1.825 billion to purchase the leases of up to 220 stores currently...