Equipment Leasing News: Sobeys signs deal to supply Canadian Target (NYSE:TGT) stores with food and groceries

VANCOUVER, BC (September 23, 2011) Clearlease Financial Reports U.S. retailer Target (NYSE:TGT) laid down more groundwork Friday for its entry into Canada in 2013 with additional store locations and a supply deal with Sobeys (TSX:EMP.A).

Under the Sobeys deal, the Canadian grocer will supply Target with frozen, dairy, and dry grocery products, including both national brands and Target’s private label products starting early in 2013.

As part of the agreement, the two companies will use each other’s distribution networks to help reduce transportation expenses.

Target also announced Sept 23, 2011 84 additional Zellers locations that it is entitled to under a $1.825 billion deal with the Hudson’s Bay Co. that gave it up to 220 sites.

The retailer said that it has acquired leasehold interests for 29 of those locations of which the vast majority will become Target stores, while the remaining leases have been sold to other retailers or back to the landlords.

The 84 locations are in addition to 105 locations identified in May.

Target plans to open 125 to 135 stores in Canada, the majority of which will open in 2013, beginning in March.

The 84 locations announced Friday include the 39 locations for which Target has transferred the rights to Walmart.

Target has also acquired the lease for one of Walmart’s vacant properties, which will open as a Target store.

Sobeys, a wholly owned subsidiary of Empire Company Ltd (TSX:EMP.A), owns or franchises more than 1,300 stores across Canada under retail banners including Sobeys, IGA, Foodland, FreshCo, Price Chopper and Thrifty Foods, as well as Lawtons Drug Stores.

Minneapolis-based Target is expected to open its first stores in Canada in 2013.

About Clearlease Financial

Clearlease Financial Group Corporation (Clearlease.com) may be able provide you with fully diversified Lease Finance Mortgage Brokerage service specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company. Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

Clearlease are specialists in equipment: Backhoe, Skid Steer, Excavator, Telehandler, Loader, Mulcher, Skidder, Trailers, Used Equipment Wood Chippers, lease equipment, business financing, lease new, commercial equipment lease, business finance, bobcat, skid steer, excavator, loader.

Contact:
Clearlease Financial Group Corporation
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 716-0495
eMail: alex@clearlease.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
Video Link: http://youtu.be/fROP17iUSEg

VANCOUVER, BC (September 23, 2011) Clearlease Financial Reports U.S. retailer Target (NYSE:TGT) laid down more groundwork Friday for its entry into Canada in 2013 with additional store locations and a supply deal with Sobeys (TSX:EMP.A).

Under the Sobeys deal, the Canadian grocer will supply Target with frozen, dairy, and dry grocery products, including both national brands and Target’s private label products starting early in 2013.

As part of the agreement, the two companies will use each other’s distribution networks to help reduce transportation expenses.

Target also announced Sept 23, 2011 84 additional Zellers locations that it is entitled to under a $1.825 billion deal with the Hudson’s Bay Co. that gave it up to 220 sites.

The retailer said that it has acquired leasehold interests for 29 of those locations of which the vast majority will become Target stores, while the remaining leases have been sold to other retailers or back to the landlords.

The 84 locations are in addition to 105 locations identified in May.

Target plans to open 125 to 135 stores in Canada, the majority of which will open in 2013, beginning in March.

The 84 locations announced Friday include the 39 locations for which Target has transferred the rights to Walmart.

Target has also acquired the lease for one of Walmart’s vacant properties, which will open as a Target store.

Sobeys, a wholly owned subsidiary of Empire Company Ltd (TSX:EMP.A), owns or franchises more than 1,300 stores across Canada under retail banners including Sobeys, IGA, Foodland, FreshCo, Price Chopper and Thrifty Foods, as well as Lawtons Drug Stores.

Minneapolis-based Target is expected to open its first stores in Canada in 2013.

About Clearlease Financial

Clearlease Financial Group Corporation (Clearlease.com) may be able provide you with fully diversified Lease Finance Mortgage Brokerage service specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company. Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

Clearlease are specialists in equipment: Backhoe, Skid Steer, Excavator, Telehandler, Loader, Mulcher, Skidder, Trailers, Used Equipment Wood Chippers, lease equipment, business financing, lease new, commercial equipment lease, business finance, bobcat, skid steer, excavator, loader.

Contact:
Clearlease Financial Group Corporation
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 716-0495
eMail: alex@clearlease.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
Video Link: http://youtu.be/fROP17iUSEg

VANCOUVER, BC (September 23, 2011) Clearlease Financial Reports U.S. retailer Target (NYSE:TGT) laid down more groundwork Friday for its entry into Canada in 2013 with additional store locations and a supply deal with Sobeys (TSX:EMP.A).

Under the Sobeys deal, the Canadian grocer will supply Target with frozen, dairy, and dry grocery products, including both national brands and Target’s private label products starting early in 2013.

As part of the agreement, the two companies will use each other’s distribution networks to help reduce transportation expenses.

Target also announced Sept 23, 2011 84 additional Zellers locations that it is entitled to under a $1.825 billion deal with the Hudson’s Bay Co. that gave it up to 220 sites.

The retailer said that it has acquired leasehold interests for 29 of those locations of which the vast majority will become Target stores, while the remaining leases have been sold to other retailers or back to the landlords.

The 84 locations are in addition to 105 locations identified in May.

Target plans to open 125 to 135 stores in Canada, the majority of which will open in 2013, beginning in March.

The 84 locations announced Friday include the 39 locations for which Target has transferred the rights to Walmart.

Target has also acquired the lease for one of Walmart’s vacant properties, which will open as a Target store.

Sobeys, a wholly owned subsidiary of Empire Company Ltd (TSX:EMP.A), owns or franchises more than 1,300 stores across Canada under retail banners including Sobeys, IGA, Foodland, FreshCo, Price Chopper and Thrifty Foods, as well as Lawtons Drug Stores.

Minneapolis-based Target is expected to open its first stores in Canada in 2013.

About Clearlease Financial

Clearlease Financial Group Corporation (Clearlease.com) may be able provide you with fully diversified Lease Finance Mortgage Brokerage service specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company. Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

Clearlease are specialists in equipment: Backhoe, Skid Steer, Excavator, Telehandler, Loader, Mulcher, Skidder, Trailers, Used Equipment Wood Chippers, lease equipment, business financing, lease new, commercial equipment lease, business finance, bobcat, skid steer, excavator, loader.

Contact:
Clearlease Financial Group Corporation
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 716-0495
eMail: alex@clearlease.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
Video Link: http://youtu.be/fROP17iUSEg



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