REAL ESTATE

Target confirms location of 12 Quebec debut stores

BY Katherine Boccaccio

Minneapolis — Target Corp. announced Thursday the location of its first 12 stores in Quebec. As previously announced, Target purchased the leasehold interests of 189 sites currently operated by Zellers Inc., and plans to open 125 to 135 stores in Canada, the majority of which will open in 2013.

Target said it intends to announce additional Quebec store locations in the coming months.

Target plans to open stores in the following locations in fall 2013:

  • Galeries D’Anjou, Anjou
  • Place Portobello, Brossard
  • Les Galeries Gatineau, Gatineau
  • Les Galeries Joliette, Joliette
  • Galeries Chagnon, Levis
  • Place Alexis Nihon, Montreal
  • Place Vertu, Montreal
  • Les Promenades Saint-Bruno, Saint-Bruno-de-Montarville
  • Carrefour De L’Estrie, Sherbrooke
  • Place Laurier, Sainte-Foy
  • Carrefour Du Nord, Saint-Jerome
  • Les Rivieres Shopping Centre, Trois-Rivieres
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OPERATIONS

Advance Auto names head of Midwest store operations

BY Staff Writer

Roanoke, Va. — Advance Auto Parts has announced the promotion of Markus Hockenson to senior VP store operations, effective April 1.

Hockenson will be responsible for providing strategic direction and leadership to the company’s Midwestern operations, which includes more than 1,200 stores. Hockenson will report to Carl Hauch, senior VP national operations and will be based in Denver.

Hockenson joined Advance in September 2008 as regional VP. Prior to joining Advance, he served with Starbucks where he most recently had region-wide responsibility for project management of key company programs and held several other positions, including district manager.

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FINANCE

Report: Sears to sell off Lands’ End

BY Katherine Boccaccio

Hoffman Estates, Ill. — Multiple reports on Thursday said that Sears Holdings Corp. is considering a sale of its Lands’ End mail-order catalog business, as part of its move to raise up to $2 billion.

The New York Post reported that Sears is in talks with several private-equity firms about the potential sale.

Sears chief Eddie Lampert is said to be likely to hire Goldman Sachs to find a buyer for Lands’ End.

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