Canadian Tire To Takeover 12 Former Target Canada Locations


canadian-Tire-target-buy-out

It’s no secret that Canadian Tire has had their eyes on Target Canada’s retail stores for some time now, and when the American company announced that they would be closing their doors to Canadian shoppers back in January Canadian Tire wasted no time in working out a deal that would secure them some of their sought after real estate. In a statement issued on Wednesday, May 6th, Canadian Tire Corp. announced that they had reached a $17.7 million dollar deal (they are yet to release whether that number is in American or Canadian dollars) that would expand their store space across the country by 400,000 square feet.

Target officially closed all of their stores last April, and of those 133 Canadian Tire is set to take over the spaces of 12 locations from across the country, which include:

  • Les Carrefours Rimouski, in Rimouski, Quebec
  • Place Versailles, in Montreal, Quebec
  • Hillside Centre, in Victoria, B.C.
  • Village Green Mall, in Vernon, BC.
  • Aurora Centre, in Aurora, Ontario
  • Sudbury Super Mall, in Sudbury, Ontario
  • Grant Park Shopping Centre, in Winnipeg, Manitoba
  • Driftwood Mall, in Courtenay, B.C.
  • Tamarack Shopping Centre, in Cranbrook, B.C.
  • Bayers Lake Power Centre, in Halifax, NS
  • Northwest Centre, in Moncton, NB
  • Place Alexis Nihon, in Montreal, Quebec

Canadian Tire believes they will be better able to satisfy their customer’s needs with these newly acquired spaces that are located in more convenient areas, and have more physical space which will ultimately allow them to restock with more popular products.

Click here to find the nearest retail Canadian Tire location to you.


4 responses to “Canadian Tire To Takeover 12 Former Target Canada Locations”

  1. Sarah says:

    “Target officially closed all of their stores last April…” What? Don’t you mean this April?

    • BHL says:

      Last/this… it’s matter of semantics. Lunch/Dinner… Dinner/Supper. What’s it all mean? We all know the post means last month… no need for corrections.

  2. saver says:

    interesting. hope they are careful they don’t over extend themselves

  3. BHL says:

    If they go through with it, the Moncton location will likely be a relocation. The Canadian Tire on Mountain Road is quite literally a half-mile from where Target was. Although oddly enough, they OWN the current property. They’d be renting the former Target space. Seems like a strange move to me.


















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