Target Canada – Closing 133 stores that employ 17,600 people

Target Canada is closing up shop. Target said Thursday that it will begin winding down its Canadian operations, which include 133 stores that employ 17,600 people.

The Minneapolis-based company said it reviewed its Canadian subsidiary’s performance and concluded that it would not be profitable until 2021.

“This was a very difficult decision, but it was the right decision for our company,” said Target CEO Brian Cornell.

Chosen excerpts by Job Market Monitor. Read the whole story at Target Canada shuts down – Jan. 15, 2015.