Zellers to Close Most of Its Remaining Stores Next Year

TORONTO-With the majority of the chain slated to convert to Target stores in 2013, Zellers said it will close most of its remaining 64 stores next year.

According to a statement sent to HFN, the Canadian mass merchant has been reviewing its options for the remaining stores since last year's completion of the acquisition agreement with Target to acquire 189 Zellers leaseholds. "After a lengthy review and numerous discussions with various parties, it became apparent that continuing to operate the Zellers banner in its current form was not viable, particularly given the geographic footprint of the remaining locations," the statement said.

It went on to say that Zellers would not operate most of its remaining stores beyond March of next year. The statement did not give a specific number of store closings at that time. "Zellers is considering options for certain locations, including potentially rebranding some stores, which will result in certain stores remaining open for the foreseeable future," the statement said. "This will be determined at a later date."

Target purchased the leaseholds for about 220 Zellers locations in a deal that closed in September 2011. The U.S. mass merchant plans to open from 125 to 135 Target stores next year.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money