Target to discontinue Canada operation, seeks creditor protection

Thu Jan 15, 2015 8:31am EST
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TORONTO Jan 15 (Reuters) - Target Corp said on Thursday it has sought creditor protection in Canada and that it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co.

The retailer has faced many problems since launching in Canada less than two years ago and it said in November that it would review the future of its loss-making Canadian business after the holiday season. (Reporting by Euan Rocha; Editing by Alden Bentley)