Target is closing all 133 stores in Canada. 17,000 employees affected

[old steel]

Target is leaving Canada.

The cheap-chic retailer’s first and only foray into international territory ended with a whimper today (Jan. 15), underscoring the difficulties companies face when trying to export their strategies around the globe. Brian Cornell, who took the helm at the struggling US retailer last year, said he was “unable to find a realistic scenario that would get Target Canada to profitability until at least 2021″ and that it would discontinue operations at 133 stores across the country (http://pressroom.target.com/news/target-corporation-announces-plans-to-discontinue-canadian-operations). Originally, it had said its Canadian operations would be profitable by 2013.

http://www.msn.com/en-ca/money/topstories/target%E2%80%99s-failure-to-bring-cherry-coke-to-canada-helped-doom-its-international-expansion-plans/ar-AA8czVK

[mick silver]

and every thing is great the country just added more welfare with food stamp aid and the housing market made a big jump with low cost renter with the aid of government , the number of home being build drop for the last eight years in a row and the biggest mover was house that have been on the market for five years with no takers but gas has went down plus silver an gold is tanking like every thing else but but the recovery is in full swing but the great thing is people who were Millionaires are now Billionaires

[Twisted Titan]

But holiday sales were through the roof.

It was gang busters i tell ya.

[BigTimber]

Where I live Target is to avoid the knuckle draggers in Walmart. It is the only reason to pay higher prices. Maybe in Canada there are less knuckle draggers. Seems like Target should have figured that one out...

[Shami-Amourae]

But I was told that there will be more specialization jobs replacing these.

The invisible hand of Capitalism or some shit like that.
:rolleyes:

[madfranks]

Where I live Target is to avoid the knuckle draggers in Walmart. It is the only reason to pay higher prices. Maybe in Canada there are less knuckle draggers. Seems like Target should have figured that one out...

Here too. Target is a couple steps higher than the bottom feeders at Walmart.

[chad]

target stores in canada (i've been in many) are not like target stores here. they're about 1/3 the size of the american stores and have limited inventory compared to here. also, while in the u.s. target stuff is usually a step up china made crap versus walmart, in canada, it's a 1 to 1 versus walmart carp ratio. so, basically, canadian targets are 1/3 the size, with the exact same stuff as walmart, only it costs more because it's "target." it was destined to fail from the get go. i have family members and friends who are canadian that love to go to u.s. targets but who won't set foot in the canadian version.

[steyr_m]

target stores in canada (i've been in many) are not like target stores here. they're about 1/3 the size of the american stores and have limited inventory compared to here. also, while in the u.s. target stuff is usually a step up china made crap versus walmart, in canada, it's a 1 to 1 versus walmart carp ratio. so, basically, canadian targets are 1/3 the size, with the exact same stuff as walmart, only it costs more because it's "target." it was destined to fail from the get go. i have family members and friends who are canadian that love to go to u.s. targets but who won't set foot in the canadian version.

Yep, the problem was that they bought a Cdn company, Zellers. They just changed the title on the front of the store. The shelves were 2/3 full and most of the stock as Zeller's left-overs. Poorly planned execution. They just built a new one here and it's not a bad store....