Wal-Mart picks up 39 Zeller’s stores

Wal-Mart has announced that it will buy the leasehold rights to 39 Zellers stores from U.S. retailer Target. The location of these sites is not specified in information released today, But Target has already said it will use 109 of the Zellers locations for its own stores. In addition, as reported by the Toronto Star, the head of Wal-Mart is talking about starting a chain of stores to called be Urban 90. It is said that Urban 90 stores will be smaller than the Wal-Mart boxes but there is no other information about them.