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Target to Close All 133 Stores in Canada

Target is closing all of its 133 stores in Canada less than two years after launching there, the U.S. discount retailer said on Thursday Target Chairman and CEO Brian Cornell said the company was unable to find a realistic scenario in which the 133-store Target Canada would become profitable before at least 2021. Cornell, in his first major decision since becoming CEO in August, said it was a difficult decision "but it was the right decision for our company." The surprise...

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