Sunday, September 25, 2011

Bridgewater Zellers remains unaffected by TARGET sale

Bridgewater Zellers is staying put, for now.


Target Corporation has identified 84 Zellers locations it will take over, as part of an agreement announced in January.

The External Communications Manager for Hudson's Bay Company, Tiffany Bourré, says the Bridgewater Zellers is one of 84 remaining stores continuing to operate while the company reviews its options.

Target has purchased 189 stores from Zellers.

The agreement with Zellers allows Target to buy up to 220 stores for $1.825-billion.

They expect to have their first stores to open in Spring 2013.