Canadian retailers can hold their own against an aggressive U.S. retail drive north of the border, the top executive of leading home improvement chain Rona Inc (RON.TO) told business leaders in Toronto on Tuesday. "Despite the Costcos (COST.O), the IKEAs, the Zaras and the Staples (SPLS.O), retail has remained largely a national, even regional affair," Rona Chief Executive Robert Dutton said in prepared statements for a speech to the Economic Club of Canada. "Rona and other Canadian retailers can succeed in the game." U.S. retail giant Target Corp (TGT.N) announced a drive into Canada in January with a C$1.83 billion ($1.91 billion) deal to acquire the leases of up to 220 Zellers discount stores from Hudson's Bay Co, North America's oldest company.
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