GREY:SRSCQ - Post by User
Post by
frugal18on Jan 13, 2011 9:13am
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Post# 17964784
Target snags Zellers stores for $1.8-billion
Target snags Zellers stores for $1.8-billionThe U.S. cheap-chic discounter Target Corp. is snapping up most of the Zellers stores in Canada from its Hudson’s Bay parent in a $1.8-billion deal announced on Thursday morning that promises to transform the domestic retail landscape.
Target will open 100 to 150 stores in 2013 and 2014 and unload many of the rest of the outlets to other chains, including Wal-Mart Stores Inc. .
https://www.theglobeandmail.com/globe-investor/target-snags-zellers-stores-for-18-billion/article1868308/Quite the "Flip" in the last 5 years as Jerry Zucker paid just over $1 billion for HBC including Zellers in 2006.....
https://www.ctv.ca/CTVNews/Canada/20060126/hudsonsbay_zucker_060126/How much does that make Sears Canada worth?