TORONTO — Target Corp. does not need grocery departments as a traffic driver in most of its planned Canadian locations, a senior Target executive said at an investor conference here last week. Most of the Zellers locations that the company acquired in 2011, which began reopening as Targets last month, “are outstanding sites — they are in great malls,” said John J. Mulligan, executive vice president and chief financial officer. “They are high frequency sites ...

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