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For Target's (TGT) floundering Canada unit, the answer is no. The retailer's botched rollout of 133 stores in the country has turned into a major headache for CEO Brian Cornell.
Target is ending its disastrous move into Canada only four years after buying 220 Zellers department store locations from Hudson's Bay for $1.8 billion. Target's foray into Canada already has ...
Target announced Thursday that it will shut down its struggling operations in Canada, less than two years after its launch there. The retail giant will close 133 stores and lay off more than ...
In Canada, about 17,600 workers will be losing their jobs, but Target is hoping to soften the blow by creating a $59 million employee trust to give those employees at least 16 weeks of compensation.
Target entered Canada by buying 124 Zellers stores, which were spread across much of the country. With only three distribution centers covering a wide geography, Target may have set itself up for ...
Target Corp. Chairman and CEO Brian Cornell said Thursday that the company was unable to find a realistic scenario in which the 133-store Target Canada would become profitable before at least 2021.
Target is pulling out of Canada after two disastrous years. The U.S. retail icon said Thursday that it plans to abandon its 133 stores in Canada, which have suffered from poor supply chain ...
MINNEAPOLIS — Target is closing up shop in Canada. More than 17,600 employees will eventually lose their jobs when the U.S. discount retailer closes its 133 Canadian stores after only about t… ...
Target said on Thursday it will cease operations in Canada and has filed for creditor protection for its Canadian subsidiary in a surprise move that could put its 17,600 employees in the country ou… ...
Target expects to report about $5.4 billion of pre-tax losses on discontinued operations in the fourth quarter of 2014 and said it will spend between $500 million and $600 million in exiting Canada.
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