Target has announced that it is leaving Canada. It expects to report approximately $5.4 billion of pre-tax losses on discontinued operations in the fourth quarter of 2014.
Remarkably, the once mighty jewllery retailer is almost consistently building smaller stores when it replaces previous locations and as a result, some of its largest locations are being replaced by some of its smallest.
It’s a tough job, but somebody has to do it: we went holiday shopping online so that we could report back on which retailers made the Naughty and Nice lists this year.
With a new CEO at Target, we expect he will most likely concentrate company resources (people and capital) on the most strategically important and most impactful business opportunities that will drive earnings.