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Target Canada has been a costly investment, causing its parent company to post a US$1-billion loss in 2013 and another $211-million loss in the first quarter.
Target’s entry into Canada was troublesome to begin with. It opened 124 stores in less than a year – a pace analysts said was far too fast to execute properly. How Target missed mark in Canada ...
For one, a new Target store can take about 12 months to break even in the U.S. with the support of a fully functional existing distribution network. When the chain opened in Canada, it did so with ...
Target says it will discontinue operating stores in Canada. It currently has 133 locations and 17,600 employees across the country.
Target Canada Co. is betting on its top stores to become a model for the struggling discounter in its recovery efforts. Mark Schindele, president of the Canadian chain since May, is overseeing the ...
Target Corp. arrived in Canada almost a year ago amid buzz and anticipation that the U.S. discount chain, nicknamed Tar-zhay by some of its fashion-savvy fans, would wow shoppers with chic bargains.
Over the just 23 months it took Target Canada to open and close 133 stores, the company revealed at least six ways not to do business in Canada. 1. Don’t give the competition two years to get ...
Six months after pulling up stakes in Canada, Target is offering Canadians the opportunity to shop on its international website. Target Canada filed for creditor protection in January, closed the ...
Overall, the company is expected to open between 125 and 135 locations in Canada. After the Ontario rollout, Target will begin moving into provinces in the West and eventually into Quebec.
Target Canada is starting to staff up its operations in anticipation of opening its first 135 stores in Canada in March 2013. The Canadian division of the second largest U.S. retailer launched a ...
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