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Target Corp.
Target leaving Canada, to close all 133 stores, lay off 17,600 workers
Target leaving Canada, to close all 133 stores, lay off 17,600 workers

After a brief stint in Canada, Target Corp. announced Thursday that it would close all of its 133 stores there and lay off nearly 17,600 employees.  The Minneapolis-based retailer expanded into Canada two years ago, but has struggled to turn a profit, racking up substantial losses.  In a statement, Chief Executive Brian Cornell said it was the right decision for the company.  "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," Cornell said.  Cornell said that with the company...

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