Target Canada Archives - CDR – Chain Drug Review

Target calls it quits in Canada

February 2, 2015 by Mark Tosh and Chain Drug Review Brian Cornell, Canadian market, Hudson's Bay Co., Target Canada, Target Corp., Zellers 2015, Issue 02-02-2015, News

MINNEAPOLIS — Target Corp. has decided to end its costly foray into the Canadian market less than two years after opening the first of its current 133 stores in the country. The retailer reported in mid-January that “after a thorough review” it determined that the best decision for the company would be to wind down the

Target decides to pull plug on Canada operations

January 15, 2015 by Chain Drug Review Brian Cornell, Target Canada, Target Corp. Retail News

MINNEAPOLIS — With its stores north of the border struggling to achieve profitability, Target Corp. has begun efforts to discontinue its Canadian operations. The discount store retailer said Thursday that its subsidiary Target Canada Co. has filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA) with the Ontario Superior Court of Justice