Target opens three new Canadian stores

Target (NYSE:TGT) announced the grand opening of three new Canadian stores in Ontario and Quebec, bringing the total to 130 stores in Canada.

Of the three new locations—Erin Mills Town Centre in Mississauga, Ontario; Park Place in Barrie, Ontario; and Carrefour Candiac in Candiac, Quebec—the Barrie and Candiac sites are new buildings.

"At Target we're always looking for ways to enhance the guest experience, including opening stores in new locations that make shopping even more convenient for our guests," said Mark Schindele, president, Target Canada. "We look forward to serving our guests at these three new stores, two of which we built from the ground up."

Target has opened six stores in Canada this year, three of which were newly built. Three additional stores are scheduled to open before 2015.

The stores will include a licensed Starbucks and in-store pharmacies that provide comprehensive patient health care.

Target is in the middle of revamping its image in Canada. Since it entered the market more than a year ago, the retailer has made many mistakes, including inventory mismanagement that led to out-of-stock products and uncompetitively high prices. However, following an apology, Target recently replaced the president of Target Canada with Mark Schindele to provide counsel and support to executives in the region.

The August 1 opening is timed to coincide with the back-to-school season.

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For more:
-See this Target press release

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