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Target Canada Co. was a short-lived Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States.Formerly headquartered in Mississauga, Ontario, the subsidiary formed with the acquisition of Zellers store leases from the Hudson's Bay Company (HBC) in January 2011.
It was formed in 2013 when Target acquired Zellers leases and converted them into Target stores. Target Canada was in operation for two years until the closure of all stores in 2015. [46] The retail chain racked up losses of $2.1 billion in its brief lifespan, and the Canadian news media termed Target's foray into Canada as a "spectacular ...
During his tenure, Cornell shut down the loss-incurring Target Canada. [1] Cornell occasionally visits Target stores and asks guests about their shopping experiences. [1] As CEO, Cornell has been featured by news outlets such as CNN, which described him as Target's "ace CEO" and crediting him with the business' strong growth in the 2010s. [9]
This story might explain why the sales of Target Canada's remaining stores are proceeding very slowly. I suspect that a lot of smaller retailers will take the rest of the 67 Target stores--on which bids were placed--such as Loblaws, Sears Canada, and perhaps Lowes Canada or Metro Inc.. Not many retailers can take 100,000 sf stores.
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Universal Thread, denim-based women's clothing [3]; Wild Fable, women's clothing brand targeting gen-Z [4]; Prologue, a line of sophisticated female clothing [5]; Auden, an intimates and lingerie exclusive brand [6]
Target Canada, its defunct Canadian subsidiary TARGET (NGO), a human rights organization founded by Rüdiger Nehberg Target Video , a San Francisco-based video and film studio
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