Canadian troubles cited in Target CEO’s departure

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.