MINNEAPOLIS — Target Corp. CEO Gregg Steinhafel has resigned abruptly as fallout from a data breach at the company’s U.S. stores failed to abate and amid continued poor performance by its Canadian operation. The news will demand major action from the company, analysts told The Globe & Mail, including possible store closures. Some observers are even musing that the entire Canadian venture could be closed if it cannot make significant gains. “I assume with a new CEO, everything will be on the table,” said Faye Landes of Cowen and Co. in New York.
Canadian troubles cited in Target CEO’s departure
Most Recent
Most Read
Home Hardware manager wins NHPA award
Tue, April 23rd, 2024
Meet IKEA Canada’s Tanja Fratangeli in our new podcast
Tue, April 23rd, 2024
Two more building centres in Alberta now flying Home banner
Mon, April 22nd, 2024
Immigration measures shouldn’t neglect labour market: CIBC report
Mon, April 22nd, 2024
West Fraser closes sale of pulp mills
Mon, April 22nd, 2024
Castle holds AGM in Las Vegas
Mon, April 22nd, 2024
RONA completes sale of DC near Montreal
Fri, April 19th, 2024
Home Hardware marks 60 years
Fri, April 19th, 2024
Retail Council event will tackle HR questions
Fri, April 19th, 2024
Construction spending slips in February
Fri, April 19th, 2024