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Jan 20, 2015 · Why Target’s Canadian Expansion Failed. by. Denise Dahlhoff. January 20, 2015. Post. Share. Save. Denise Dahlhoff is the Research Director of the Baker Retailing Center at the Wharton...
Jan 15, 2015 · Target is abandoning its $4.4 billion expansion into Canada after less than two years, the company announced Thursday. The retailer is pulling out of the country after racking up more than $2 ...
Sep 22, 2022 · A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133...
Feb 11, 2016 · Target Canada, which by this time had lost $7 billion, applied for bankruptcy protection. All 133 stores were closed, and 17,000 employees lost their jobs. So what lessons can be learned?
Jan 15, 2015 · Why did Target fail in Canada? It wasn't the U.S. Target. CBC News · Posted: Jan 15, 2015 7:08 AM PST | Last Updated: January 15, 2015. Target misread its Canadian shoppers and retail...
Jan 15, 2015 · May 5 – After enduring a massive security breach over the holiday season where up to 40 million customers’ debit and credit cards were compromised in the U.S., long-time Target CEO Gregg Steinhafel resigns. May 20 – Target Canada cleans house.
According to the retailer, its ambitious expansion into Canada couldn’t have reached profitability until at least 2021, and with black ink a minimum of six years away, the company has decided to close all 133 of its Canadian stores.
