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Target set to open 24 stores in Canada

from Financial Times

Target will open its first 24 stores in Canada by early April and vowed to invest a further $1.5bn in the country this year as the retailer seeks to offset weak sales in the U.S. The discount chain has been preparing to open in Canada since buying leases on about 200 premises two years ago, but it said on Wednesday that the expansion would reduce profits this year by more than expected. more


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