January 15, 2015 - 5:43 AM
MINNEAPOLIS - Target is exiting Canada.
Chairman and CEO Brian Cornell says the company was unable to find a realistic scenario in which Target Canada would become profitable before at least 2021.
The retailer said Thursday that it anticipates approximately $5.4 billion in fourth-quarter losses from discontinued operations in Canada.
Target Corp. currently has 133 stores in Canada with about 17,600 employees.
News from © The Associated Press, 2015