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Target is ‘respectfully’ asking its customers to not bring firearms into its stores, even where it is allowed by law.
Target is ‘respectfully’ asking its customers to not bring firearms into its stores, even where it is allowed by law.
(TIM FRASER FOR THE GLOBE AND MAIL)

Target faces calls to withdraw from Canada

Another analyst has joined a growing chorus of observers who suggest U.S. discounter Target Corp. consider cutting its losses by closing or scaling back its struggling stores in Canada.

Michael Exstein, retail analyst at Credit Suisse in New York, said on Wednesday it may be more prudent for Target to shut its Canadian division after launching 124 stores just last year and a few more in 2014. By closing them, the discounter could focus all its resources on improving its challenged U.S. operations, Mr. Exstein said. Target’s U.S. business makes up more than 97 per cent of the company’s current sales.