One of the newest Target stores in Chicago is a potential prototype for its first Canadian retail outlets, the retailer says.

The actual components of its Canadian stores will depend on their location and size, executives with the U.S.-based retailer said Thursday after taking reporters on a tour of the two-storey store in the former Wilson Yards transit marshalling area.

The retailer announced earlier that it has signed leases on its first 105 sites in Canada, most of which will be converted to Target stores, starting in the spring of 2013. The chain said it would announce leases on a second wave of stores in September for a total of 150 stores.

Target has said it expects to generate $6 billion per year in sales within five years and have as many as 200 Canadian stores within the decade.