Target Lesson

Target's failure to acquire an acceptable market share with its 133 store expansion into Canada will likely become excellent case study for business management students. While there may be a number of factors contributing to this billion-dollar-plus financial loss, one of the most important takeaways is this: whether you are a small start-up operation or a corporation with billions of dollars in assets,  do your homework thoroughly before embarking on a venture.

In this instance though, Target acted quickly to cut their losses. With 97% of their business centered in the United States, in over 1900 stores, the closure of their Canadian operation will likely affect those that will lose their jobs more than Target itself. Following yesterday's announcement, Target stock market shares gained in value.