Zellers [SEP] parent company
teddy bear. Shortly thereafter, in December 2011, Zellers launched a Zeddy Bucks promotion. Those who spend at least $50 before taxes on toys would receive a pair of red 2012 Summer Olympics mittens, plus a $10 Zeddy Bucks voucher. This voucher could only be used on a later date.
With the last Zellers stores set to close in 2013, the Hudson Bay Company announced in September 2012 that it was looking for a charity organization to adopt Zeddy so that the mascot could live on after Zellers. In
. NRDC owns the Lord & Taylor upscale specialty retail department store chain in the United States. Subsequently, NRDC invested heavily in The Bay and managed a turnaround by repositioning it as an upscale, fashion forward retailer. However the Zellers chain was still struggling and was seen as a drag on the parent company and its American owner.
History 2011–2013: Lease acquisitions by Target, liquidation and closures.
On January 13, 2011, it was announced that US. retail chain Target Corporation would purchase the lease agreements of up to