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Target to close Canadian stores by April 12

Thursday, April 2, 2015 - 08:22

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Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12.

[BENGALURU] Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12.

The No. 2 US discount chain said in January that it would exit Canada after struggling since its March 2013 launch, resulting in 17,000 employees losing their jobs and triggering a US$5.1 billion quarterly charge.

Target Canada's three distribution centers and Mississauga headquarters have been closed, the company said in a statement on Wednesday. "The court-approved real estate sales process is underway and is expected to be completed by the end of June 2015," Target Canada CEO Aaron Alt said.

Minneapolis-based Target faced huge supply chain problems in Canada due to a myriad of problems at its warehouses and poor communication with headquarters. The company also struggled with new technology and systems and inexperienced hires and poor training.

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That left stores poorly stocked and selection limited, disappointing shoppers who had eagerly anticipated Target's arrival in a market where the discount space was long dominated by Wal-Mart Stores Inc.

REUTERS

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