TORONTO — Target isn’t the only retailer to have trouble translating its success south of the border into Canadian results, the Associated Press reports. Regulatory differences and, recently, a slower Canadian economy have made their impact on its rivals as well. Big Lots closed its 78 Canadian stores, citing heated competition in the bargain business. Best Buy also saw several closures, while even Walmart’s sales have suffered. Nordstrom has delayed the introduction of its discount Rack banner until 2017. A significant challenge is the cost-consciousness of Canadian shoppers, who are used to watching price changes over the border and have been disappointed by higher costs at Canadian locations of U.S. chains.
Target’s woes shared by other newcomers
Most Recent
Most Read
Domtar to acquire Resolute Forest Products
Wed, July 06th, 2022
Quebec TIMBER MART felled by fire
Wed, July 06th, 2022
Hardlines report measures industry growth during pandemic
Wed, July 06th, 2022
Single-family building permits rise in May
Tue, July 05th, 2022
Featured Classified: Home Hardware
Tue, July 05th, 2022
Canadian Tire makes a splash for centennial
Mon, July 04th, 2022
U.S. construction spending declines
Mon, July 04th, 2022
Hardlines Conference goes west in 2023
Thu, June 30th, 2022
Spectrum Brands sales team sees transitions
Thu, June 30th, 2022
Napoleon CFO promoted to president
Thu, June 30th, 2022