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Why Costco And Walmart Soared In Canada While Target Flopped

Jan 15, 2015, 16:17 PM by Ben Kaplan

HRC Advisory CEO Antony Karabus is quoted in an article in Forbes about Target's inability to flourish in the Canadian markets:

"Target just couldn’t make it work. The retailer said it did not foresee turning a profit in Canada until 2021.

But while much has been said about Target’s botched expansion efforts, from sparsely stocked shelves and too-high prices to the poor locations it took over from the defunct Zellers chain, the main reason Target flopped in Canada is that they were too late to the party, Antony Karabus, CEO of HRC Advisors, a retail-consulting firm based in Canada, told Forbes. Indeed, discounters in the market proliferate."

 Read the full article below.

 Full Article
Source: Forbes.com


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