Description: After nearly two years of struggle, Target has decided to close all its 133 stores in Canada. It has accumulated nearly $1.5 billion in losses during its short stay in Canada.
Source: CBC
Date: January 15, 2015
Video Link: http://www.cbc.ca/player/News/Business/ID/2648076422/?page=2
Questions for Discussion:
- Did Target’s decision come as a surprise – Why or Why not?
- What were some of the reasons for Target’s failure in Canada?
- If you were the CEO of Target Canada when it entered Canada two years ago, what would you have done differently to ensure Target’s success in Canada?
- Suggest a retailer that can takeover Target’s stores in Canada?
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