Target Canada to close all retail stores

On Wednesday, Target Canada announced that it will shut down the last of its retail stores to the public on April 12. The company said in a statement that it has closed its three distribution centres and Mississauga headquarters.

According to Aaron Alt, Target Canada CEO, "We are pleased with the results of the liquidation sales to date and the speed at which we have moved through the wind-down process. We want to once again thank all Target Canada team members for their hard work and great adaptability through this process". He added that a real estate sale process has been approved by the court is in progress and it is believed to be completed by the end of June 2015.

The company said in January that it would leave Canada after trying hard since its March 2013 launch, leading to loss of jobs for 17,000 employees and causing a $5.1 billion quarterly charge.

The company experienced huge supply chain problems in Canada as a result of a countless problems at its warehouses and poor communication with headquarters. The company also faced problem with new technology and systems. The lack of training for the employees also had an impact on the sales.