01-15-2015, 08:38 AM
Target (NYSE:TGT) announces it plans to pull out of Canada.
The company's ambitious entry into the nation is less than two years in.
A dose of reality from the retailer: "We were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021."
Target has 133 stores in operation in Canada.
TGT +7.2% to $79.70.
The company's ambitious entry into the nation is less than two years in.
A dose of reality from the retailer: "We were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021."
Target has 133 stores in operation in Canada.
TGT +7.2% to $79.70.