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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.
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Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.
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]
Between Jan. 1, 2021, and Oct. 31, 2023, reported larcenies were 30% lower in the area of Target’s Northwest Market Street location and 33% lower in the area of the University Way store, both of ...
Yet the retail business can be cyclical, and consumers are resilient. Target has long focused on its dividend payments for shareholders. Today's plunge has now pushed the dividend yield to 3.6% ...
Retailer Target has announced soft opening dates for a fleet of new stores in western Canada. The 24 locations, spanning across Manitoba, British Columbia, and Alberta, will not only help expedite ...
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