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Target to exit Canada, didn’t foresee operations being profitable until at least 2021
Original Publication Date: January 14, 2015 9:43PM
Publication Updated: January 8, 2025 9:01PM
MINNEAPOLIS – Target is exiting Canada.
Chairman and CEO Brian Cornell says the company was unable to find a realistic scenario in which Target Canada would become profitable before at least 2021.
The retailer said Thursday that it anticipates approximately $5.4 billion in fourth-quarter losses from discontinued operations in Canada.
Target Corp. currently has 133 stores in Canada with about 17,600 employees.
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