Thursday 29 January 2015

The Story of Target Canada: From Arrival to Disaster

Target Arrives in Canada
Amid speculation around prices, competition and the retail industry climate; Target begins its journey across Canada, projecting the opening of 150 stores by the end of 2017
Target's arrival in Canada a game-changer for retailers at home and afar
December 11, 2012
www.canadianbusiness.com

Canadian Tire, Loblaw in 'battle mode' ahead of Target arrival
February 17, 2013
www.theglobeandmail.com

Target arrives in Canada
March 5, 2013
www.news1130.com


The Problems Begin 
The retailer endures mounting criticism for its Canadian operations. Lack of stock, product selection, pricing problems, and disorganization rank high on the list of complaints
Target's trouble stocking shelves due to outdated system
March 5, 2013
www.thestar.com

Target Canada still plagued by price perception problems as sales fail to meet expectations
October 30, 2013
www.business.financialpost.com

Target Canada's failed launch offers lessons for other retailers
July 21, 2014
www.cbc.ca

Target Lowers Outlook Amid 'Continuing Train Wreck In Canada'
August 6, 2014
www.huffingtonpost.ca

 The End of Target Canada
In January 2015, Target Canada files a notice to its creditors of an intention to commence court-supervised restructuring proceedings (C.C.A.A., Canada's equivalent to Bankruptcy), and begins preparations for its exit from Canada and the closure of all Canadian operations.


Litany of problems pushes Target into giving up on Canada
January 15, 2015
www.chicagotribune.com

Target to Exit Canada After Two-Year Effort Fails - 5th Update
January 15, 2015
www.nasdaq.com

Target Corp: A timeline of the retailer's failed Canadian experiment
January 15, 2015
www.business.financialpost.com



Tuesday 27 January 2015

New Infographic from CTVNews.ca


New infographic from CTVNews examines recent Canadian retail bankruptcies and asks the difficult question:





Thursday 8 January 2015

New Globe and Mail Article on Export and Receivables Insurance

Marjo Johne presents the benefits of an accounts receivable insurance policy to exporters and growing businesses in Exporters: Receivables insurance can make the banks sit up and take notice, a new article published on December 29th. Johne presents compelling reasons for businesses, especially exporters, to look into credit insurance.
What is receivables insurance? Is it right for your company? 

Wednesday 7 January 2015

Globe and Mail Post Retail Outlook Video for 2015

Marina Strauss, Retailing Reporter for the Globe and Mail, outlines predictions for this year 2015 in Canadian retail

New Article in Canadian Insurance Top Broker

An informative article was published in Canadian Insurance Top Broker recently which outlines the growth of Trade Credit Insurance in Canada. 
Written by Ronan O'Beirne, Receivables Insurance: A Golden Opportunity is full of useful information and absolutely worth the read.