Target’s entry into the Canadian market in 2013 was the first step in international expansion.
A combination of extensive refurbishment needs, weaknesses in the merchandising system, tight deadlines and inadequate management were among the reasons the retailer decided to close all 133 stores in the country in 2015.
Target has no plans to go international in the near future and is instead narrowing its focus to its operations at home. Company profit in the second quarter fell by almost 90% compared to the same period last year on excess unwanted stock. It plans completely revamp 200 existing stores and open 30 more in 2022.
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