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Old 05-05-2014, 07:40 PM   #155
I-Hate-Hulse
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..... And now there's open speculation that Target may have to close down stores or withdraw from Canada altogether...

Quote:
Industry observers suggest that the Minneapolis-based company, which suffered a massive data breach five months ago, needs to look at major changes to its fledgling Canadian stores and possibly close some of them. Some company watchers say Target will have to consider shutting its operations here entirely within the next year or two if their performance doesn’t improve significantly.

“It is conceivable that they will close Canada,” Faye Landes, retail analyst at Cowen and Co. in New York, said in an interview. “I assume with a new CEO, everything will be on the table.”
http://www.theglobeandmail.com/repor...board/follows/

I guess that's what happens when you lose $941 million in a year. Still - reinforces my view that the time horizon for most American companies is about 6 months out before new management changes course 180 degrees.
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