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.