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January 16, 2015

Why Target missed the mark in Canada

  • The well-publicized woes of Target have made Nordstrom take a conservative approach to Canadian expansion.
    • By ANNE D'INNOCENZIO and MICHELLE CHAPMAN
    AP Business Writers

    MINNEAPOLIS — Target is giving up on its money-losing foray into Canada after just two years, closing 133 stores and cutting loose more than 17,000 employees.

    Target said it didn't see how it could stop losing money before at least 2021 on its first international expansion. The closing links Target with a series of other retailers who have learned the hard way that the northern border is tough to cross.


     
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