Target pulls plug on Canadian stores....

Discussion in 'The Howard Stern Show' started by Mook, Jan 15, 2015.

  1. Mook

    Mook Well-Known Member

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    http://www.theglobeandmail.com/repo...-killing-canadian-operations/article22458161/

    Target killing Canadian operations
    Staff

    The Globe and Mail

    Published Thursday, Jan. 15 2015, 8:29 AM EST

    Last updated Thursday, Jan. 15 2015, 8:33 AM EST


    Target Corp. is pulling the plug on its ailing Canadian operations.

    The U.S. retail giant announced Thursday it has filed in the Ontario Superior Court of Justice for protection under the Companies’ Creditors Arrangement Act, the equivalent of Chapter 11 proceedings in the United States.

    The move affects more than 130 stores and some 17,600 employees.

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    The outlook for Canada’s retail sector in 2015

    “When I joined Target, I promised our team and shareholders that I would take a hard look at our business and operations in an effort to improve our performance and transform our company,” said Target chief executive Brian Cornell.

    “After a thorough review of our Canadian performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021.”
     
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  2. Limo Wreck

    Limo Wreck Aboard the great mothership Staff Member

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    One more job Lever wont get. :no:
     
  3. smichal

    smichal A1 Dick Game

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    Breaking news!
    The Canadian Targets really sucked compared to US ones.
    Small stores, jacked up prices, no selection.... and weird brands I've never heard of or some same brands that were found in Zellers!
    I was excited for the grand opening... and so disappointed that it was nothing like the USA version :bigcry:
     
  4. HowieStearn

    HowieStearn HateClub

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  5. EddyG

    EddyG Well-Known Member

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    I work near a Target in montreal,never allot of people shopping there,so no surprise.The Zellers that they took over was a little more popular.
     
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  6. Mr Vengeance

    Mr Vengeance Ladies love cool V. VIP

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    That's what happens when you try to sell people on a product that is a fraction of what your classic product was. People tell you to fuck off. Right, Howie???
     
  7. Big Lar

    Big Lar Well-Known Member

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  8. HowieStearn

    HowieStearn HateClub

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  9. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    "The cop noticed Winslow was wearing "dark colored" sweatpants and wrote that "his genitals were not exposed." But the cop also noticed "two open containers of Vaseline on his center console" and plastic bags marked "Mr. Happy" and empty plastic containers of "Funky Monkey" scattered throughout the vehicle."

    TWO jars of Vaseline. Boy these rich athletes do everything to excess.
     
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  10. Jim Lahey

    Jim Lahey Well-Known Member

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    I know a thing or two about wacking off, but I've never needed 2 jars! Those black guys must really be packing some cable...
     
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  11. tired

    tired Well-Known Member

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    Targets here are getting weird too. They use to carry so many more things.
     
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  12. smichal

    smichal A1 Dick Game

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    The last time I went to one in upstate NY, they had added raw fruits/veg (to compete with Walmart supercenter?) and seemed to have less other stuff.
     
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  13. yaddc

    yaddc Well-Known Member

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    The 1 good thing about Target is they have Killer Pop Corn.
     
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  14. chapped

    chapped Well-Known Member

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    [​IMG]


    Target Canada is closing up shop. Target said Thursday that it will begin winding down its Canadian operations, which include 133 stores that employ 17,600 people.

    The Minneapolis-based company said it reviewed its Canadian subsidiary's performance and concluded that it would not be profitable until 2021.



    "This was a very difficult decision, but it was the right decision for our company," said Target CEO Brian Cornell.

    The second-largest U.S. retail chain, Target (TGT) has struggled in the Canadian market for years. The company expects to report a loss of about $5.4 billion in the fourth quarter, driven largely by Target Canada's poor performance.

    Despite its problems in Canada, Target's U.S. business remains strong. Target said U.S. sales and earnings will be better than expected in the fourth quarter, thanks to strong holiday sales and online shopping.
     
  15. chapped

    chapped Well-Known Member

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    well damn.... oh well back to my tuba
     
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  16. OV

    OV Rapscallion

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    which one?

    [​IMG]
     
  17. AmishGirl

    AmishGirl Well-Known Member VIP

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    I heard that, at least in the USA, it's to get some of that WIC-money ..... :dontknow:
     
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  18. smichal

    smichal A1 Dick Game

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    what is WIC?
     
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  19. AmishGirl

    AmishGirl Well-Known Member VIP

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    Oh - sorry, I should have clarified - Women, Infants & Children food stamps.
     
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  20. smichal

    smichal A1 Dick Game

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    oh dear. I guess that makes sense.
     
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