Target buys Zellers and prepares to invade Canada

The long-rumoured arrival of U.S. chain Target is finally upon us. Or at least it will be two years from now. The Minneapolis–based retailer, who we all know best as that place in Buffalo or Bellingham where we go in hopes of finding whatever designer collaboration is capturing our imaginations at the given moment, dropped $1.8 billion for 220 Zellers leases from HBC. The company will turn 100 to 150 of them into their own brand of discount emporia beginning in 2013.

While some will mourn the loss of yet another Canadian brand, those who’ve had to arrange road trips to just-over-the-border malls are rejoicing in this news (doubly so, as J.Crew is also joining the cross-border party in a couple of years). What we’d love to see is Target taking on a Canadian designer and causing the kind of shopping blood lust it’s created for its stable of Go International collaborators.