Woe Canada! Many U.S. retailers fail up north

Target's failed Canadian experiment is the latest example of a big American retailer having major difficulties expanding in Canada.

Antony Karabus, CEO of HRC Advisory, a retail consulting firm in Toronto, said some of these American retail chains expanded too aggressively.

In some cases, there just simply wasn’t a need to open that many stores. After all, it’s not like Canada is an emerging market with a middle class that has yet to be tapped.

Giant Tiger, Canadian Tire and London Drugs are just a few of several big Canadian retail chains that Target and others have had to face off (yes, a deliberate hockey reference) against.

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Source: CNN Money (1233 Articles)
Written by Paul R. La Monica