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Jan 20, 2015 · Why Target’s Canadian Expansion Failed. Denise Dahlhoff is the Research Director of the Baker Retailing Center at the Wharton School of the University of Pennsylvania.
Jan 21, 2016 · It was an open secret that Target was interested in the Canadian market. But the company had previously decided it wanted to grow as quickly as possible if it were to enter Canada, rather than ...
Jan 15, 2015 · Target says it plans to open 21 additional Ontario stores by the end of the month. May 6 – Target reaches the Canadian West. The company announces opening dates for 24 stores in B.C., Alberta and Manitoba throughout May. Nov. 22 –Target opens its final two stores of the year, achieving its goal of 124 store openings in all Canadian ...
Nov 1, 2023 · Oct 31, 2023. 1. In 2013, Target, the U.S. retail giant, made an ambitious move into the Canadian market, opening 133 stores nationwide. What seemed like a promising endeavor soon turned into a ...
Dec 31, 2014 · Target generated a total of $1.31 billion revenues in fiscal 2013 from its Canadian operations with gross margins low at 14.9%. In contrast, the retailer’s gross margins in the U.S. were around 30%.
After accumulating $2.5 billion in losses, the Minneapolis-based company shut down all of its 133 Canadian locations and laid off 17,600 employees. In a blog post, Brian Cornell, Target’s chairman and CEO, said the decision to exit Canada was the best option available to the company. “After extensive internal due diligence and research ...
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Target Canada Co. was the Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary formed with the acquisition of Zellers store leases from the Hudson's Bay Company (HBC) in January 2011. Target Canada opened its first store in March 2013, and ...
