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Target Corporation : Target Set to Complete Canadian Store Openings for 2013

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10/28/2013 | 02:33pm CEST

Retailer confirms opening dates for remaining 33 stores including first locations in three east coast provinces

October 28, 2013MISSISSAUGA, ON

Today, Target is pleased to announce the opening dates for 33 additional Canadian store locations spanning across nine provinces, including its first stores in New Brunswick, Prince Edward Island and Newfoundland. Thirty-one store locations are scheduled to open on November 13, and the remaining two locations will open on November 22, completing Target's Canadian store openings for 2013. Additional stores opening beyond 2013 will be announced at a later date.

"The final store openings for this year mark a major milestone in Target's history," said Tony Fisher, president, Target Canada. "The goal for our Canadian expansion was to open 124 stores across all ten provinces in 2013, and we are proud to say that with the help of more than 20,000 Canadian team members nationwide, we have accomplished this unprecedented undertaking."

Locations opening to the public on November 13 include:

British Columbia

Abbotsford - Abbotsford Power Centre

Burnaby - Metropolis at Metrotown

Chilliwack - Cottonwood Mall

Maple Ridge - Haney Place Mall

Richmond - Lansdowne Centre

Surrey - Surrey Place/Central City


Calgary - Sunridge Mall


Winnipeg - Grant Park


Bowmanville - Clarington Town Centre

Mississauga - Westdale Mall                                                                             

Nepean - Meadowlands Shopping Centre

Pickering - Pickering Town Centre

Richmond Hill - Hillcrest Mall

Stratford - Stratford Mall

Sudbury - Sudbury Supermall

Waterloo - Conestoga Mall


Lasalle - Carrefour Angrignon

Laval - Centre Laval

Longueuil - Place Longueuil

Montreal - Place Alexis Nihon

Pointe Claire - Terrarium Shopping Centre

Quebec City - Les Galeries De La Capitale

Saint-Jean-sur-Richelieu - Carrefour Richelieu

Rimouski - Carrefour Rimouski

Nova Scotia

Sydney - Sydney Shopping Centre

New Brunswick

Fredericton - Uptown Centre

Moncton - Northwest Centre

Saint John - Mcallister Place


Corner Brook - Corner Brook

St. John's - Cabot Square


Charlottetown - Charlottetown Mall

Stores opening on November 22 include:


St. Catharines - Pen Centre


Sherbrooke - Carrefour De L'Estrie

Guests will be welcomed into bright, clean stores with wide aisles, great guest service and affordable trend-right merchandise. The majority of the 33 locations will feature a licensed Starbucks, as well as an in-store pharmacy designed to provide guests with comprehensive patient-centered healthcare. As previously announced, the majority of stores in Quebec will offer Brunet pharmacies, which are scheduled to open starting in summer 2014.

Target is committed to providing Canadian guests with a one-stop shopping destination for stylish, quality products at unbeatable prices, including beauty, apparel and accessories, home, grocery, personal care and more.  Each store will carry an extensive range of Target owned and exclusive brands, including C9 by Champion, Circo, Archer Farms, Market Pantry and up & up; exclusive, limited time collaborations with Beaver Canoe (a member of the Roots Canada family); and ongoing collaborations such as the Nate Berkus Collection, the Sonia Kashuk Collection, Giada De Laurentiis for Target, and Shaun White apparel. Target also offers local products specific to each market, including the Aliments du Quebec product offering in Quebec.

For more information on store locations and hours of operation, please visit target.ca.

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,888 stores - 1,797 in the United States and 91 in Canada - and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week.target.ca/corporateresponsibility.

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Financials ($)
Sales 2018 69 401 M
EBIT 2018 4 093 M
Net income 2018 2 314 M
Debt 2018 10 034 M
Yield 2018 4,80%
P/E ratio 2018 12,11
P/E ratio 2019 12,09
EV / Sales 2018 0,55x
EV / Sales 2019 0,55x
Capitalization 27 933 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 59,3 $
Spread / Average Target 17%
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Brian C. Cornell Chairman & Chief Executive Officer
John J. Mulligan Chief Operating Officer & Executive Vice President
Catherine R. Smith Chief Financial Officer & Executive Vice President
Michael E. McNamara Executive VP, Chief Information & Digital Officer
Roxanne Schuh Austin Independent Director
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