Target to exit Canada
MINNEAPOLIS - Target is exiting Canada.
Chairman and CEO Brian Cornell says the company was unable to find a realistic scenario in which Target Canada would become profitable before at least 2021.
The retailer said Thursday that it anticipates approximately $5.4 billion in fourth-quarter losses from discontinued operations in Canada.
Target Corp. currently has 133 stores in Canada with about 17,600 employees.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Tales of paranormal activity surrounding the Old State Capitol
The Louisiana Red Cross gives out free smoke alarms in two neighborhoods
LSU to wear uniforms saluting fallen WWI heroes Saturday
Mega Millions jackpot reaches $1 billion ahead of Friday drawing
Power restored in downtown Baton Rouge after electrical fire causes hours-long outage