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Target pulling out of Canada
CBS News ^ | 15 January 2015

Posted on 01/25/2015 7:54:14 PM PST by Lorianne

Target Corp. Chairman and CEO Brian Cornell said Thursday that the company was unable to find a realistic scenario in which the 133-store Target Canada would become profitable before at least 2021. It is Cornell's first major move since becoming CEO in August.

Cornell, who's been tasked with maintaining the retailer's momentum and reclaiming its image as a purveyor of cheap chic fashions and home decor, said it was a difficult decision "but it was the right decision for our company."

"We have determined that it is in the best interest of our business and our shareholders to exit the Canadian market and focus on driving growth and building further momentum in our U.S. business," he added.

Target Corp. currently has 17,600 employees at its 133 Canadian stores. It has 1,801 stores in the U.S.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Canada
KEYWORDS: canada; reallyoldnews; target
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To: Lorianne

Anti-gun and pro-gay means no money for Target!


21 posted on 01/26/2015 12:24:03 PM PST by Terry L Smith
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To: BobL

What the h*ll is that supposed to mean?


22 posted on 01/26/2015 4:34:31 PM PST by Dartman (Stephen Harper, PM for life? I'm okay with that.)
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