Target Closing Canadian Stores

[KTrain]

http://www.theglobeandmail.com/repor...ticle22458161/

U.S. discounter Target Corp. is closing its money-losing stores in Canada after almost two troubled years here.

The Minneapolis-based retailer said on Thursday it filed an application for protection under the Companies’ Creditors Arrangement Act with the Ontario Superior Court of Justice in Toronto.

“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,” said Brian Cornell, who became the new chief executive officer last summer.

Lots of lost jobs. I wonder what's going to fill all those locations.