Zellers Inc. is the second largest chain of department stores in Canada, with 302 service points around the country. She specializes in trade at a discount and has as its main competitor WalMart. It was founded in 1931 and in 1978 the Hudson’s Bay Company Hudson has acquired the same year as stores Simpsons. Zellers headquarters are located in Brampton, Ontario.
January 13, 2011, the acquisition of 220 Zellers commercial leases by the U.S. retailer Target Corporation has announced for $ 1.825 billion Canadian dollars. HBC will retain some Zellers in specific communities across Canada. After the expansion of new giant, Zellers will significantly reduce its presence. Several stores will be converted into Target, while others will close or be sold to various other retailers.
26 May 2011, Tony Fisher, president of Target Canada, unveiled at a press conference in Chicago that 105 sites were selected across the country to date. The list of sites that will host the new banner will be released by next September. Target Canada intallera in temporary quarters during the summer of 2011 until the opening of the future headquarters of 180,000 square feet Aerocentre V in 2012 in suburban Toronto, Mississauga precisely. June 25, 2011, WalMart signs a contract to lease 39 sites Zellers.