One of the top discount retailers in the US, Target, is rumoured to be linked to acquisitions in the UK and Canada.

The UK’s Observer reported this weekend that the retailer had visited the headquarters of Sainsbury. Also rumoured to be on the UK shopping list are Matalan and Woolworths, according to media reports.

Reports from Canada indicate that Target is in advanced negotiations to purchase all or part of retail group Hudson’s Bay.

Target operates more than 1,200 US stores with a focus on groceries, clothing and general merchandise.