Quote:
Originally Posted by Alexander Quinn
It still blows my mind what an epic failure Target was up here. Spends millions upon millions of dollars building new locations and refurbishing old stores, bring in merchandise, hire employees, set up warehouses and distribution... and call it quits within a year. How do you fail that hard, Target???
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I think the big issue is that they were in a bad place after the data breach. At the time the Canadian operation was losing money. Rather than stick it out for the long term the ceo saw a chance to cut a money losing operation and improve the balance sheet in the short term but dooming Targets chances for international expansion and future competitiveness. But I guess he got his bonus so who really cares about building a sustainable long term business with you know employees, good distribution and business model etc...
