Target is closing all stores in Canada and opening 15 stores in the US. Per CBC news the stores lost money daily in part because products were not available to customers. Target did not expect its canadian counterpart to be profitable for at least 6 years, which made closing a logical option. Thus, the stock price increased.
Jean Coutu's pharmacy purchased four pharmacy files from target per Mass Market Retailers. Per Drug Topics target is closing 107 franchises. The franchises are independently owned. Target wanted them to leave by Feb 27, but they are suing to get more time.
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