Goodbye Target, Hello Uniqlo! Canada's Next Player

As one retailer closes the book on its Canadian operations, another is writing its first chapter there. Japanese-owned specialty store Uniqlo said Monday that it will open two flagship locations in Toronto in fall 2016, its first stores in Canada. It then plans to expand its presence with a shop in Vancouver. "Entering the Canadian market is a milestone for the company and a significant step in our growth strategy," said Larry Meyer, CEO of Uniqlo USA and Canada.