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.