-1.4 C
Fort St. John
Saturday, March 23, 2019
9924 101 ave Fort St. John, B.C.
Home Canadian Press Target to pull out of Canada, close its 133 locations

Target to pull out of Canada, close its 133 locations


TORONTO — Target says it will discontinue operating stores in Canada — a market that it entered only two years ago.

The U.S. based retail company currently has 133 Canadian locations and 17,600 employees across the country.

The company says the stores will remain open during a court-supervised liquidation period and it’s working to ensure surplus employees are paid at least 16 weeks of severance.

- Advertisement -

Target says it will also work with an advisor to sell its real estate.

Target Canada has struggled from the start and there has been speculation in business circles that its days were numbered.

get the latest news in your inbox



Local Events

Must Read

NEBC Yukon Midget Trackers win Provincial Championships

KELOWNA, B.C. - The Northeast B.C. Midget Yukon Trackers are the winners of the 2019 Midget Tier 1 Provincial Championships.Last night, Thursday, the Trackers...