Posted on 01/15/2015 6:18:02 AM PST by golux
Target says it plans to discontinue all operations in Canada and seek protection from creditors, less than two years after opening to much fanfare.
In a release early Thursday, the U.S. retail chain said it will close all its locations in Canada. There are 133 stores across the country with about 17,600 employees.
The company launched in Canada in the spring of 2013.
But after high expectations, the chain failed to deliver as customers faced higher-than-expected prices, and empty shelves as the retailer had problems with its distribution chain.
Executives repeatedly promised they would get it right, but ultimately decided to pull the plug.
"After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021," CEO Brian Cornell said in a release Thursday, explaining the justification for the shutdown.
(Excerpt) Read more at cbc.ca ...
I remember that Krispy Kreme expanded too fast and had to cut back a lot of stores not too long ago
Right. They had the same problem that Target had in Canada that had nothing to do with expanding too fast: they were expanding into mature markets that already had a lot of existing competitors in place. There’s a big difference between opening 133 new stores in Cambodia in two years, and opening 133 stores in Canada.
bump
I don't like people who "help guide public perception".
Tabernac, you nearly got me, but I remembered what memere told me:
Never argue with an idiot, he’ll drag you down to his level, then beat you with experience.
Do you prefer “Mange un char de marde” as a more modern Quebec phrase????
Good day, sirra.
Oh. It’s good that you don’t like certain kinds of people. There’s a very smart and worldly Canadian on this thread who doesn’t like me. He wanted me to know that. Maybe you would like me to know that you don’t like me, either?
It’s good that you can share your thoughts and feelings. By the way, this was a story about how a big American company wanted to sell junk to Canadians, and failed.
Many people wonder why. Many Canadians wonder why. Target wonders why.
But some people might wonder about whether you like advertising and PR people like me, and when I meet them I will tell them that you do not like advertising and PR people like me.
And the best part is, you can go back to buying whatever crap those bastards sell you!
Just stop. You obviously don’t speak a word of french and you’re making a fool of your little overtaxed insecure self-righteous angry anglo self. Go buy some Chinese products at Canadian Tire for goodness’ sakes, wait for 18 months for critical medical care while you tout socialized medicine, reminisce about Gretzky or Neil Young or any other Canadian who got the hell out of your welfare state, go grab a tank of gas and a bottle of booze in Vermont or something, but stop.
Écoute bien mon enfant de chienne, tu es probablement retourné aux États parce-qu’on ne pouvait pas te servir tes ``Biggie Fries and Biggie Coke`` pour soutenir ton manque sucre au McDo.
Tu es probablement un ostie gros jambon avec une bedaine de 52 pouces et tu as besoin d’un mirroir pour voir ta queue depuis les années `90.
Oui mes taxes sont élevés mais au moins j’ai accès à un système de santé qui me coute pas $2,000 d’assurances. Ou le deductible $5000.
En plus, au Canada, j’ai pas besoin de m’inquièter des Mexicains qui viole vos petites filles.
bfl
Back in the '70s we traveled cross-country through Canada from Calgary to PEI and saw "HBC" signs almost every place we went. We asked a local what it stood for and got a whiff of Canadian humor. He said it stood for "Here Before Christ" and then filled us in.
I remembered it from their fur trade wars with us in the 1800s and could equate.
Wow. That stinks. Come to think of it, I was in Oxnard about 3 years ago and I remember thinking that the Walmart store there had some pretty seedy clientele. I didn’t feel safe. I thought at the time that it was just an anomaly, but I guess not.
I disagree with a lot of what he said. Canadians don’t hate Americans or American businesses. Value for money. Same as anywhere. 133 stores in two years is insanity. Consider Nordstrom’s will be opening its fist 3 stores in Canada in the next year. This was five years in the making. They will do it right and won’t need to pay somebody a bunch of money to plaster Canadian flags on their stores. His client, the Hudsons Bay Co, will be a big victim. Take that to the bank.
I’m going to go to our local Radio Shack (wonder if it’s still there. .) to buy another pocket sized radio. Because I like that size. I tuck one into our couch and listen whenever - resting, etc.
When I was in Colorado recently for month, I looked in a Target and there was nothing available like a ‘pocket’ radio.
Luckily my daughter had an radio/alarm (which I bought for her guest room some years ago) so I had that in the guest room.
But I wanted a radio in the guest bathroom and declined to unplug the radio alarm and drag it elsewhere - which I did a few times - !
I need a pocket-size radio for our daughter’s guest bathroom!!!
In 1976 we took a motor home (rented) trip around a lot of the U.S. - from CA to NY, then went up to Vermont then north again into Canada.
At one of our stops (not a camp-ground) we were in a small Canadian store and the young female clerk said to our 16 year old daughter - when the clerk realized we were from CA, (can’t remember now what our daughter said) - - the Canadian clerk assumed the Queen of England, and Canada, etc., was OUR Queen too!
Too funny!
Walmart put them out of business where I am located in Canada.
Target just could not compete with the big “W.” During Xmas shopping in the final days, they newly opened Target store was almost empty while Walmart was packed.
Target off target ping....
I saw exactly the same thing: walked into a Canadian Target the weekend before Christmas. The place was gorgeous... And empty. Spooky empty. Utterly empty, except for all the nice employees. I felt bad for them. (They didn’t have what I was looking for; I felt guilty for leaving without buying anything.)
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