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Diddly
January 15, 2015, 2:46pm Report to Moderator Report to Moderator

Noble
Posts: 1,231
Somehow Target just couldn't figure out how to sell to Canadians.  After replacing most of our Zeller's stores, Target lost close to a $1 Billion in 2013.  They replaced the president of their Canadian business unit, and still ended up losing another $1 Billion or so in 2014.  Now they want out, and are closing shop in Canada.  

Sources:
http://www.cbc.ca/news/business/target-canada-loses-941m-in-2013-weighing-on-u-s-profit-1.2551942, http://www.reuters.com/article/2014/05/20/us-target-management-idUSBREA4J0EP20140520, https://ca.finance.yahoo.com/news/target-discontinue-canada-operation-seeks-133112451.html, http://www.businessinsider.com.....8Business+Insider%29



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Shabadu_SMH
January 15, 2015, 10:28pm Report to Moderator Report to Moderator

Noble
Posts: 593
Apparently Sony Store Canada will also be closing their brick and mortar outlets (but their online "outlets" will continue selling in Canada).  
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Diddly
January 16, 2015, 2:47pm Report to Moderator Report to Moderator

Noble
Posts: 1,231
In case anyone doubts Shabadu's car magazine, here's the story from the CBC.  http://www.cbc.ca/news/business/sony-to-close-all-14-canadian-stores-within-2-months-1.2902094

Somehow, compared to the ~130 stores and 18,000 employees Target is cutting loose, Sony's 90 employees across the country seems like a drop in the bucket.

Frankly, Sony store was about the worst place to buy Sony electronics...  I always felt the same products were cheaper elsewhere.


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