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Read the case study details below and see external source Answer questions bas on this information The $2.5 Billion Cross-Border Expansion Mistake Less than two
Read the case study details below and see external source Answer questions bas on this information The $2.5 Billion Cross-Border Expansion Mistake Less than two years after entering Canada, Target shocked the retail world by pulling out. After accumulating $2.5 billion in losses, the Minneapolis-based company shut down all of its 133 Canadian locations and laid off 17,600 employees. In a blog post, Brian Cornell, Target's chairman and CEO, sald the decision to exit Canada was the best option available to the company. "After extensive internal due diligence and research, paired with counsel from outside experts, we fulfilled our obligation to do what was right for our company and our shareholders, and made the decision to exit Canada. he wrote. Target is one of America's largest and most successful retailers. The 114-year-old company that evolved out of the old Dayton-Hudson Corporation now has more than 1,800 retail locations. What most Americans with three Target stores right in their neighborhood don't realize is that Target isn't a worldwide thing. Walmart, by contrast, operates over 11.000 stores in 28 countries. Walmart is a $465 billion company. Target is a $72 hillinn an O vocalist Pedba EN co 96 5 6 & 7 8 9 O 1/2 Read the case study details below and see external source Answer questions bas on this information The $2.5 Billion Cross-Border Expansion Mistake Less than two years after entering Canada, Target shocked the retail world by pulling out. After accumulating $2.5 billion in losses, the Minneapolis-based company shut down all of its 133 Canadian locations and laid off 17,600 employees. In a blog post, Brian Cornell, Target's chairman and CEO, sald the decision to exit Canada was the best option available to the company. "After extensive internal due diligence and research, paired with counsel from outside experts, we fulfilled our obligation to do what was right for our company and our shareholders, and made the decision to exit Canada. he wrote. Target is one of America's largest and most successful retailers. The 114-year-old company that evolved out of the old Dayton-Hudson Corporation now has more than 1,800 retail locations. What most Americans with three Target stores right in their neighborhood don't realize is that Target isn't a worldwide thing. Walmart, by contrast, operates over 11.000 stores in 28 countries. Walmart is a $465 billion company. Target is a $72 hillinn an O vocalist Pedba EN co 96 5 6 & 7 8 9 O 1/2
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