Why Target failed in Canada
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FortunePhil Wahba
Why Target failed in Canada
Target's Canadian foray was doomed. At a time it needs to re-invent itself in the U.S., the problems in the Great White North proved too daunting.
Jan 15, 2015
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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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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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