http://www.canadianbusiness.com/the-last-days-of-target-canada/
http://www.canadianbusiness.com/the-last-days-of-target-canada/
It's a fascinating read and most of it is already familiar to Canadians who witnessed the epic fail. They tried to go too big too fast and completely botched the first impression by giving us a look at stores with empty shelves on their first day. It's pretty interesting to read that while their store shelves were empty, their distribution centres were overflowing with stuff to the point where they needed temporary warehouses.
The article doesn't touch on one point that many consumers brought up - that the prices and products didn't match the US Targets, but that was never going to happen. It may have played a factor in declining traffic in their stores, but I think empty shelves is a bigger factor. Oh, and the lack of a website where you could actually search for products and order online was a big negative.
Personally, the only things I bought at Target before the liquidation sale was eshop cards when they were on sale. We had 3 Targets here in Winnipeg created from Zellers locations which were in decent places and a 4th Target moved into a brand new building where they were supposed to the centre of a new shopping block. 3 months after it opened, the bankruptcy was announced. They still had the "grand opening" banner hanging up when they put up the "liquidation sale" banner. The building itself is still empty to this day. Same with one of the old Zellers locations attached to the mall near where I live.
So - anyone else want to reminiscence about Target Canada?
The grand opening of Target Canada was set to begin in one month, and Tony Fisher needed to know whether the company was actually ready. In February 2013, about a dozen senior-level employees gathered at the company’s Mississauga, Ont., headquarters to offer updates on the state of their departments. Fisher, Target Canada’s president, was holding these meetings every day as the launch date crept closer. The news was rarely good.
Roughly two years from that date, Target Canada filed for creditor protection, marking the end of its first international foray and one of the most confounding sagas in Canadian corporate history. The debacle cost the parent company billions of dollars, sullied its reputation and put roughly 17,600 people out of work.
Why Target Canada collapsed has been endlessly dissected by analysts, pundits and journalists. But the people who know what happened best are the employees who lived through the experience. On the first anniversary of the company’s bankruptcy filing, Canadian Business spoke to close to 30 former employees in Canada and the U.S. to find out how Target, one of the best retailers in North America, got it so wrong in Canada. (Target declined to comment on specific issues, pointing to previous statements it has made on its Canadian venture. The former employees interviewed for this story requested anonymity to preserve relationships in the industry.) Even those employees remain baffled by how Target Canada collapsed. But what emerged is a story of a company trapped by an overly ambitious launch schedule, an inexperienced leadership team expected to deal with the biggest crisis in the firm’s history, and a sophisticated retail giant felled by the most mundane, basic and embarrassing of errors.
http://www.canadianbusiness.com/the-last-days-of-target-canada/
It's a fascinating read and most of it is already familiar to Canadians who witnessed the epic fail. They tried to go too big too fast and completely botched the first impression by giving us a look at stores with empty shelves on their first day. It's pretty interesting to read that while their store shelves were empty, their distribution centres were overflowing with stuff to the point where they needed temporary warehouses.
The article doesn't touch on one point that many consumers brought up - that the prices and products didn't match the US Targets, but that was never going to happen. It may have played a factor in declining traffic in their stores, but I think empty shelves is a bigger factor. Oh, and the lack of a website where you could actually search for products and order online was a big negative.
Personally, the only things I bought at Target before the liquidation sale was eshop cards when they were on sale. We had 3 Targets here in Winnipeg created from Zellers locations which were in decent places and a 4th Target moved into a brand new building where they were supposed to the centre of a new shopping block. 3 months after it opened, the bankruptcy was announced. They still had the "grand opening" banner hanging up when they put up the "liquidation sale" banner. The building itself is still empty to this day. Same with one of the old Zellers locations attached to the mall near where I live.
So - anyone else want to reminiscence about Target Canada?