Target expands list of Canada stores opening next year
MINNEAPOLIS — Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.
The stores listed included two in Alberta, two in British Columbia, 29 in Ontario and one in Saskatchewan. Additional details can be viewed here.
As previously reported, Target purchased the leasehold interests of 189 sites currently operated by Zellers, and is slated to open 125 to 135 stores in Canada, the majority of which will open in 2013. Approximately $10 million to $11 million will be invested to remodel each facility, the retailer said.
Deloitte Consumer Spending Index dips in December
NEW YORK — The Deloitte Consumer Spending Index slightly dropped in December despite small improvements in 3-out-of-4 components.
The index — which is comprised of tax burden, initial unemployment claims, real wages and real home prices — fell to 1.86 from a reading of 1.93 the previous month. Because of this drop, the ability for consumers to continue to spend at the rates seen in 2011 may be in question, Deloitte said.
“The new year brings new demands on retailers,” said Alison Paul, vice chairman and U.S. retail and distribution sector leader at Deloitte LLP. “In addition to a challenging economic climate, shifts in consumer behavior — from price consciousness to technology adoption — will force retailers to find new ways to remain relevant to their customers in 2012. Retailers should align talent, physical space, processes and technology in a way that moves the in-store environment from transactional to a complete and engaging brand experience.”
Ralphs, Food 4 Less announce children’s hospital fundraising campaign
LOS ANGELES — Kroger banners Ralphs and Food 4 Less are raising funds to support children’s hospitals.
The chains’ children’s hospital fundraising campaign will run from Jan. 29 to May 19. Ralphs will support children’s hospitals in Southern California, while Food 4 Less will raise funds for children’s hospitals in Southern California, southern Nevada and the greater Chicago area. The supermarket chain’s Foods Co Division also is collecting donations for children’s hospitals in central and northern California.
"Ralphs believes strongly in giving back to the communities our stores serve," Ralphs president Donna Giordano said. "We’re pleased to extend our commitment to community service to our local children’s hospitals. We cannot think of a better way to invest in our communities than by giving families and children hope through our support of the outstanding work these hospitals are doing to provide world-class medical care for children."