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Shoppers enter a Target store in Arvada, Colorado February 24, 2009. Target Corp said quarterly profit fell nearly 41 percent, worse than Wall Street expected, and that it would focus more on food and pharmacy products instead of trendy fashions to lure shoppers. REUTERS/Rick Wilking (UNITED STATES)
Shoppers enter a Target store in Arvada, Colorado February 24, 2009. Target Corp said quarterly profit fell nearly 41 percent, worse than Wall Street expected, and that it would focus more on food and pharmacy products instead of trendy fashions to lure shoppers. REUTERS/Rick Wilking (UNITED STATES)
(© Rick Wilking / Reuters/REUTERS)

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Canadian retailers squarely in Target’s sights

Canadian retail has come full circle since the Wal-Mart invasion almost 19 years ago. Back then, established Canadian retailers were unprepared for the giant from Bentonville, Ark., which caused upheaval across the sector. Now, Wal-Mart Canada is among those that have the most to lose with discount mass merchant rival Target Corp. preparing to enter Canada next spring. But so do Sears Canada, Loblaw Cos. and Canadian Tire.