Remembering Target Canada One Year Later: Lessons Learned, Long-Term Impacts, and Why it Failed
retail-insider.com
Remembering Target Canada One Year Later: Lessons Learned, Long-Term Impacts, and Why it Failed
Target closed its last Canadian locations a year ago this week. This essay identifies some of the long-term impacts and lessons about the Target fiasco in the Far North, including why it failed.
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Target's first and only foray into international markets happened in 2013 in Canada. By April 2015, Target withdrew from the North American neighbor and closed all locations. Poor real estate decisions, weak leadership, and major SAP systems errors contributed to the company failing in Canada. Target lost $4.1 billion in after-tax losses in just one year as a result of the fallout. The company has no plans to expand internationally anytime soon. https://cnb.cx/3fQILBO | CNBC
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