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Target lost almost $1-billion on its Canadian expansion last year

By Craig Patterson
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Craig Patterson
Craig Patterson
Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. He's also the Director of Applied Research at the University of Alberta School of Retailing in Edmonton. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. He is also President & CEO of Vancouver-based Retail Insider Media Ltd.

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Target’s substantial Canadian expansion has hurt its bottom line. The company lost close to $1-billion last year that it attributes to its Canadian expansion and its less-than-expected retail sales. 

In 2013, Target Canada had sales of about $1.3-billion with a gross margin rate of only 14.9% and an operating loss of about $941-million. Canadian operations reduced Target’s full-year per-share earnings by $1.13. For more on this interesting development, we direct you to Hollie Shaw’s comprehensive article at The Financial Post. 

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2 COMMENTS

  1. As a general rule, I’d rather go to Walmart than Target, even though Target is two minutes driving from my house. Walmart is fifteen.

    Target really annoys me because they have absolutely NO music in the background.

  2. As a general rule, I’d rather go to Walmart than Target, even though Target is two minutes driving from my house. Walmart is fifteen.

    Target really annoys me because they have absolutely NO music in the background.

    From what I’ve been able to ascertain, Target hasn’t been well received here in Edmonton.

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