Biggest Retailer In Canada Not Canadian Owned

Shocking is the understatement here..!  Today I learned that Zellers.. one of the biggest retailer all over Canada is not Canadian owned but owned by an American Company.  Expanding and revamping the existing store is in their agenda right now.  I heard that Zellers was sold for $1.1 billion and the new owners are those that already owned Lord & Taylor.

Now that we have Walmart in town. .i wonder if the new owners.. will close this store here.. for the town cannot support 2 big boys. The mall may be losing their anchor tenant.. and Walmart may really be driving Zellers out totally from Yarmouth. Not fun..!

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