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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