Not profitable! Target’s sudden move closes Canadian stores

A short statement from Target Corporation Thursday morning says the company plans to shut down all 133 stores in Canada and this would include the location at East York Town Centre. It is a shocking retail development notwithstanding all the difficulty Target has faced in keeping inventory stocked and achieving some sort of price competition with its stores in the U.S. The Target venture has seen stores open barely 18 months since the U.S. firm negotiated a series of leases most of which were held by Zellers. Employees are said to be eligible for 16 weeks of wages and benefits.