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Thread: Target Stores closes all Canadian outlets.

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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Aunt Spiker View Post
    Seriously? They opened 133 stories before they knew whether or not just ONE store would be sustainable? That is arrogant - and stupid. You can't do that for any business concept. You must see if there's a market. If there isn't, you are then selling to a market that doesn't exist!
    Amen to that, Auntie. I don't think it is arrogance so much as ignorance. I think they just assumed that Canada is a northern extension of the U.S. Of course it is not. It would have made sense to do some testing as you say.

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    Re: Target Stores closes all Canadian outlets.

    I don't shop much, but I always thought Target was a Canadian company. I guess I was misinformed.

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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by fmw View Post
    Amen to that, Auntie. I don't think it is arrogance so much as ignorance. I think they just assumed that Canada is a northern extension of the U.S. Of course it is not. It would have made sense to do some testing as you say.
    My husband explained to me how Target started - they bought out existing department stores and renamed them. Big names and little names. They just slipped into establishments that were already associated with 'these __ items' - instant profit. People needed those stores, liked those stores - and Target just shifted things over time to their own product concepts.

    That is very smart - and they should have done exactly that.
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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Aunt Spiker View Post
    My husband explained to me how Target started - they bought out existing department stores and renamed them. Big names and little names. They just slipped into establishments that were already associated with 'these __ items' - instant profit. People needed those stores, liked those stores - and Target just shifted things over time to their own product concepts.

    That is very smart - and they should have done exactly that.
    If I remember correctly, the store chain with which they started was call Venture which was a subsidiary of JC Penny. The Venture stores didn't do well but target has done famously with them. My wife likes to shop for some things at Target. They have a clean setup with wide aisles, good lighting and lots of graphics. Their super stores even have a full grocery supermarket like Walmarr. I view target as an upscale discount department store - a step up from Walmart and KMart.

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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Grand Mal View Post
    Less than two years after their much-trumpeted grand incursion into Canada, Target is tucking it's tail between it's legs and closing all 133 outlets, abandoning 17,600 employees.

    Target closes all 133 stores in Canada, gets creditor protection - Business - CBC News

    '"After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021," the U.S. parent company's CEO Brian Cornell said in a release Thursday, explaining the justification for the shutdown.'

    They've also applied for and been granted protection from their creditors. This must be one of the most dismal failures by a retail company in recent memory.


    It was a classic case of arrogance. They came in with a defective business plan, did not allow for exchange rates, and failed to do a market study; they presumed we are "Americans with accents"/

    They destroyed good faith by buying K-Mart stores, then fired all their employees and began re-hiring, a cheap way to treat people, and not acceptable in Canada. There were demonstrations and boycotts here.

    The stores were 30 to 40% empty most of the time, there was nothing to buy and the prices were higher than Target in Bellingham, Wash. So if people wanted cheap Chinese **** they could drive a half an hour and do so, and buy cheap gas at the same time.

    They failed to see the history of Big Box, all inclusive stores here, Canadians are not as accepting as Americans.

    And while they are in protection from bankruptcy - time to sell everything - they are facing charges by the British Columbia Ministry of Labour for cheating employees on the buy out.

    In short, they did pretty much everything wrong. I can hear the business plan pitch...."Canadians love us, right? They shop in our US stores right? Canada is just America with more snow right? So, what could go wrong?"
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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by OrphanSlug View Post
    I was going to say Walmart's $1 Billion dollar failure in Germany still seems to take the prize, but seeing how Target figured out a way to lose $1 Billion in just one year, $1.5 Billion in total, seems to be the best fail yet.
    More losses as the 12 year leases have been guaranteed by US Target.
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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Carjosse View Post
    Walmart isn't doing too well in Canada either and that is apparently because we do not like the one-stop shop kind of stores like Walmart or Target.
    I have to say I dig Wal-Mart.

    I live in a small town so I travel into the city to go to WalMart and Cost-co to get cheap crap I need like diapers and what have you.

    I actually dislike the Canadian homebrands, Superstore, Sobeys, IGA and Safeway can lick my bollocks, overpriced assholes, that's whta they are.

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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Fearandloathing View Post
    It was a classic case of arrogance. They came in with a defective business plan, did not allow for exchange rates, and failed to do a market study; they presumed we are "Americans with accents"/

    They destroyed good faith by buying K-Mart stores, then fired all their employees and began re-hiring, a cheap way to treat people, and not acceptable in Canada. There were demonstrations and boycotts here.

    The stores were 30 to 40% empty most of the time, there was nothing to buy and the prices were higher than Target in Bellingham, Wash. So if people wanted cheap Chinese **** they could drive a half an hour and do so, and buy cheap gas at the same time.

    They failed to see the history of Big Box, all inclusive stores here, Canadians are not as accepting as Americans.

    And while they are in protection from bankruptcy - time to sell everything - they are facing charges by the British Columbia Ministry of Labour for cheating employees on the buy out.

    In short, they did pretty much everything wrong. I can hear the business plan pitch...."Canadians love us, right? They shop in our US stores right? Canada is just America with more snow right? So, what could go wrong?"
    The biggest problem with Target to me, is they bought out Zellers and didn't really change anything.

    Zellers was crap, Target was crap, end of.

    The only wise decision they made was not re-opening the diners zellers had and killing half of the 100 people to ever visit their stores.

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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Carjosse View Post
    Walmart isn't doing too well in Canada either and that is apparently because we do not like the one-stop shop kind of stores like Walmart or Target.

    The City of Vancouver has a ban on "Big Box" stores. Even Home Depot had to seriously down scale their urban stores.

    No, we don't like them at all, but we do tolerate the Great Canadian Super Store and of course Canadian Tire, the ultimate one-stop store - get an engine overhaul, camping equipment and a set of new appliances all in one stop.
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
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    Re: Target Stores closes all Canadian outlets.

    Quote Originally Posted by Grand Mal View Post
    Less than two years after their much-trumpeted grand incursion into Canada, Target is tucking it's tail between it's legs and closing all 133 outlets, abandoning 17,600 employees.

    Target closes all 133 stores in Canada, gets creditor protection - Business - CBC News

    '"After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021," the U.S. parent company's CEO Brian Cornell said in a release Thursday, explaining the justification for the shutdown.'

    They've also applied for and been granted protection from their creditors. This must be one of the most dismal failures by a retail company in recent memory.
    I'm not sure what the political aspect of this is but from a business perspective, this is going to be a very memorable fiasco.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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