There could be no more Zellers stores in Canada by next spring

More changes are afoot within Hudson’s Bay Company: the company has announced it will close the majority of the 64 remaining Zellers department stores that were not sold to Target Corporation last year. The Zellers stores are expected to be phased out by March 2013, but a spokesperson told the Financial Post that HBC is contemplating reopening some of the locations under another name. Any hardcore Zellers lovers left out there—hey, there may be some—can take comfort in the fact that Target is scheduled to launch in Canada around the same time, so there should be no scarcity of low-cost clothing available. [Financial Post]