It was about time someone tried rescuing the sinking ship also known as Zellers. Today Target announced that it was buying Zellers from the Hudson Bay Company for $1.8 billion. Hopefully Target will be able to inject new blood into Zellers or maybe completely re-brand the stores to “Target” instead which I think would be a wise move. Hopefully this will also give Walmart Canada and Loblaws some competition and help lower the overall price of merchandise.
Thanks mamasavesmoola for letting me know about this!