Target Canada closing, ending 2-year foray
Customers are seen inside the Target store at the Mic Mac Mall in Dartmouth, N.S. on Thursday, Feb. 5, 2015. (Andrew Vaughan / THE CANADIAN PRESS)
Published Sunday, April 12, 2015 11:28AM EDT
Last Updated Sunday, April 12, 2015 5:30PM EDT
The remaining Target locations in Canada are closing their doors for good on Sunday, marking the end of the U.S. retail giant's short-lived foray north of the border.
Fans of the American retail giant took to Twitter to express their sadness over the company's departure from Canada.
RIP Target Canada (2013-2015)— Jesse Hawken (@jessehawken) April 12, 2015
already missing @Target Canada.— Laura Stewart (@lstewy) April 12, 2015
The closing of the last Target locations comes less than two years after the company arrived in Canada.
The company's three distribution centres and its Mississauga headquarters have also been shuttered.
Target has been winding down its operations since announcing last January, that it was leaving the country.
At the time, the company said it decided to close its 133 Canadian locations after determining that it would not become profitable until 2021.
Approximately 17,600 employees were laid off as a result.
Inventory liquidation began at the company's Canadian stores in February.
Meanwhile, lawyers continue to iron out the details of its exodus from country.
The company owes billions of dollars to a long list of creditors that includes landlords, suppliers and others affected by the closures.
A court-approved real estate sales process is also underway and is expected to be finalized by the end of June.
Target struggled out of the gate after it announced that it was opening operations in Canada four years ago.
Its decision to purchase 220 Zellers locations from Hudson's Bay Co. was greeted with excitement from Canadian shoppers, who anticipated the unique product lines and low prices that the Target is known for south of the border.
But the retailer suffered extensive inventory problems that left many shelves empty, and shoppers were frustrated with the prices at Canadian stores, which they found to be out of line with those in the U.S.
Target also admitted that its rollout of more than 100 stores at the same time was overambitious.
With files From The Canadian Press