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- Target Canada commenced Court-supervised restructuring proceedings in January 2015, and finally shut down all of their stores by April 12, 2015, amid the retail apocalypse.
en.wikipedia.org/wiki/Target_Canada
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Jan 21, 2016 · Target Canada was at last transitioning into a functional—almost normal—retailer. There were even big plans for 2015, such as implementing online shopping at Target.ca.
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 by January 2015 was operating 133 locations throughout Canada.
Jan 15, 2015 · Target lost almost $1 billion in its first year in Canada, and while the losses have shrank since then, the chain is still losing money daily. CEO Brian Cornell stated in a press release...
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Jan 15, 2015 · Target lost almost $1 billion in its first year in Canada, and while the losses have shrank since then, the chain is still losing money daily.
Aug 31, 2024 · Target had invested over $7 billion into its botched Canadian expansion, making it one of the costliest and quickest international failures in retail history. So what went so horribly wrong for a company lauded for its savvy supply chains and loyal customer base in the United States?
Jan 15, 2015 · Target Corp <TGT.N> will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 billion quarterly loss.
Apr 21, 2024 · Fast forward to 2015 and Target had unceremoniously retreated from Canada, shuttering all 133 stores and incinerating $2.1 billion in the process. On the surface, Canada seemed like a layup for the savvy retailer – a familiar, English-speaking market with a demonstrated affinity for Target‘s brand.
