Target to exit Canada

Written By Unknown on Kamis, 15 Januari 2015 | 22.24

TARGET is exiting Canada where it has 133 stores and about 17,600 employees.

CHAIRMAN and CEO Brian Cornell said on Thursday that the company was unable to find a realistic scenario in which Target Canada would become profitable before at least 2021.

The retailer said it anticipates approximately $US5.4 billion ($A5.84 billion) in fourth-quarter losses from discontinued operations in Canada.


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