TORONTO — Target is facing calls to “cut its losses” and close or reduce its Canadian operations. Michael Exstein of Credit Suisse is the lastest analyst to suggest that the retailer focus its efforts on its more successful U.S. outlets. Sears Holding Corp’s recent decision to sell off its struggling Canadian stores adds to the urgency of Target’s decision, Exstein added. David Strasser, a retail analyst at Philadelphia’s Janney Capital Markets, reported last month that the option of a Canadian shutdown was on the table. Nevertheless, Target reps insisted the company remains committed to the Canadian market.
Target urged to pull out of Canada
Most Recent
Most Read
Quebec retail leader Geneviève Gagnon lands new acquisition
Thu, January 02nd, 2025
Peavey gets new financing to enhance systems, streamline operations
Thu, January 02nd, 2025
Throwback Thursday: A quarter century ago, retailers had their best holiday season in a decade
Thu, January 02nd, 2025
Wolseley Canada announces organizational changes
Tue, December 31st, 2024
RONA inc. appoints Courage Inc. as English Canada agency of record
Tue, December 31st, 2024
Featured Classified: Kidde
Tue, December 31st, 2024
Sycamore, RONA announce acquisition
Mon, December 30th, 2024
Orgill creates new executive role
Mon, December 30th, 2024
Party City in U.S. files for bankruptcy
Mon, December 23rd, 2024
RONA affiliate expands in New Brunswick
Fri, December 20th, 2024