Target Canada files for creditor protection, plans to close all stores
Retail chain opened up in spring of 2013 but has decided to close up shop
By Pete Evans
CBC News
Jan 15, 2015
Target announced Thursday it is closing its 133 stores in Canada.
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Target says it plans to discontinue all operations in Canada and seek protection from creditors, less than two years after opening to much fanfare.
In a release early Thursday, the U.S. retail chain said it will close all its locations in Canada. There are 133 stores across the country with about 17,600 employees.
The company launched in Canada in the spring of 2013.
But after high expectations, the chain failed to deliver right out of the gate as customers faced higher-than-expected prices, and empty shelves as the retailer had problems with its distribution chain.
Rich Dix
The bottom line, open an American store in Canada and it becomes a Canadian store. High duty on imports, many products are banned, high taxes and overhead. You have to go to the U.S.A. for real American shopping!
Poster Comment:
shock waves through the country ... target took over Zellers --- they are blaming conservatives - PM Harper !
