Target could seek Canada exit: analyst

Target’s struggle to establish itself in Canada could lead to a decision to sell the business soon, according to a new report from CIBC Capital Markets.

Target, according to CIBC analyst Perry Caicco, “has been a disaster in Canada, producing sales at about half of our initial projections and running deep operating losses.”

In the report, Caicco said the situation presents Target with a difficult choice of continuing to invest to improve operations, or to sell to another o

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