Wednesday, February 24, 2016
Target: Looking Back A Year Later.
Via Randy McDonald here's Canadian Business magazine's look at the Target Canada disaster a year later. For American visitors not familiar with the story Target Canada set up shop in Canada in 2013, with the first stores opening in March. By the beginning of 2015 Target Canada was 2.1 billion dollars in the red, with no prospect of profits until 2021, and the decision was made to shutter all 133 stores. The article elaborates on what we already knew about Target Canada's problems, such as poor product distribution and what could be considered an overambitious expansion plan.