Target bows out

Is $70-million employee trust as generous as it sounds?
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 02/06/2015

When the news broke, it was a shock — Target Canada announced in January it was closing, putting 17,600 employees out of work.

“The Target Canada team has worked tirelessly to improve the fundamentals, fix operations and build a deeper relationship with our guests. We hoped that these efforts in Canada would lead to a successful holiday season, but we did not see the required step-change in our holiday performance,” said Brian Cornell, Target chairman and CEO. “There is no doubt that the next several weeks will be difficult but we will make every effort to handle our exit in an appropriate and orderly way.”