#8046214 - 01/15/15 08:05 AM
target closing in canada
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spd-dmn
Post Master
Registered: 11/24/04
Posts: 2271
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i called it as soon as the first store opened
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#8046225 - 01/15/15 08:16 AM
Re: target closing in canada
[Re: Screamin' Type-R]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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I feel bad for the people that left their old jobs to go there. I know quite a few people that work there
_________________________
-Jeff
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#8046227 - 01/15/15 08:17 AM
Re: target closing in canada
[Re: JEFFOS]
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Screamin' Type-R
Post Master Supreme
Registered: 02/20/01
Posts: 47937
Loc: T.O. - Canaduh
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I feel bad for the people that left their old jobs to go there. I know quite a few people that work there
+1
_________________________
 "Ban low performance drivers, not high performance cars"
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#8046231 - 01/15/15 08:19 AM
Re: target closing in canada
[Re: spd-dmn]
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4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
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Source for those wondering: http://www.cbc.ca/news/business/target-c...tores-1.2901618
You called it, but so did a number of consultancies. Target hired a number of agencies to do a review and they were told that their Canadian operations would fail, plan was too aggressive and their timelines too stringent.
And now this!!!
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#8046245 - 01/15/15 08:33 AM
Re: target closing in canada
[Re: 4age]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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Source for those wondering: http://www.cbc.ca/news/business/target-c...tores-1.2901618You called it, but so did a number of consultancies. Target hired a number of agencies to do a review and they were told that their Canadian operations would fail, plan was too aggressive and their timelines too stringent. And now this!!!
Also their competitors are pretty smart and aggressive themselves and wouldn't just let a new entrant grab market share at will.
They did make a lot of mistakes on their end though.
_________________________
-Jeff
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#8046259 - 01/15/15 08:37 AM
Re: target closing in canada
[Re: JEFFOS]
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4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
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Source for those wondering: http://www.cbc.ca/news/business/target-c...tores-1.2901618You called it, but so did a number of consultancies. Target hired a number of agencies to do a review and they were told that their Canadian operations would fail, plan was too aggressive and their timelines too stringent. And now this!!! Also their competitors are pretty smart and aggressive themselves and wouldn't just let a new entrant grab market share at will. They did make a lot of mistakes on their end though.
I know Wally was upping salaries in response to Target entering the market to retain talent. Shrug.
What's worse is that Target employees were not notified of this until today--despite there being a press release last Thursday. For the loss. (Wife works there).
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#8046285 - 01/15/15 08:46 AM
Re: target closing in canada
[Re: furball]
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4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
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^ahahaha I have no idea.
Much of the management is from the Murican team, and one of the primary internal issues is that they were running their Canadian operations like their US one--because it "works". But heeeeeey, this be Canada, son. And improper decision making led to their demise.
Funny things go on in there...such as using a primary competitor's distribution center for goods.
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#8046318 - 01/15/15 08:58 AM
Re: target closing in canada
[Re: Screamin' Type-R]
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spd-dmn
Post Master
Registered: 11/24/04
Posts: 2271
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the only reason i called it was because i knew canadians were expecting US target prices with higher quality merchandise and that was just notgonnahappen.
i am very curious to know this "big" difference between cdn and us consumers though...
other than pricing, what was the miscalculation in terms of consumer insights?
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#8046364 - 01/15/15 09:12 AM
Re: target closing in canada
[Re: spd-dmn]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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the only reason i called it was because i knew canadians were expecting US target prices with higher quality merchandise and that was just notgonnahappen.
i am very curious to know this "big" difference between cdn and us consumers though...
other than pricing, what was the miscalculation in terms of consumer insights?
Canadian customers do work and respond differently than the US
_________________________
-Jeff
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#8046368 - 01/15/15 09:13 AM
Re: target closing in canada
[Re: JEFFOS]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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Word on the street is they had lots of supply chain and store quantity issues... I don't know for sure I'm just guessing.
_________________________
-Jeff
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#8046385 - 01/15/15 09:16 AM
Re: target closing in canada
[Re: Euphoricuck]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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Word on the street is they had lots of supply chain and store quantity issues... I don't know for sure I'm just guessing. The places are stacked full of product with little or no shoppers. Everytime I go in there its like a private shopping trip for me and only me 
But is it the right product? Imagine you get everything you need except 3 items so you have to go somewhere else to buy those? Hassle right?
Imagine you go in to buy 1 specific item that's a great deal that's promoted. That's all you came in for - imagine they didn't have it? Annoying right?
_________________________
-Jeff
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#8046391 - 01/15/15 09:18 AM
Re: target closing in canada
[Re: JEFFOS]
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Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
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Word on the street is they had lots of supply chain and store quantity issues... I don't know for sure I'm just guessing. The places are stacked full of product with little or no shoppers. Everytime I go in there its like a private shopping trip for me and only me But is it the right product? Imagine you get everything you need except 3 items so you have to go somewhere else to buy those? Hassle right? Imagine you go in to buy 1 specific item that's a great deal that's promoted. That's all you came in for - imagine they didn't have it? Annoying right?
happens at every store...especially in the gta.
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#8046406 - 01/15/15 09:21 AM
Re: target closing in canada
[Re: Euphoricuck]
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Screamin' Type-R
Post Master Supreme
Registered: 02/20/01
Posts: 47937
Loc: T.O. - Canaduh
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Word on the street is they had lots of supply chain and store quantity issues... I don't know for sure I'm just guessing. The places are stacked full of product with little or no shoppers. Everytime I go in there its like a private shopping trip for me and only me
loved how quiet it was vs wallymart. wifey and i go there with the baby, just roam around grab whatever you need in peace. barely checkout lineup. pricing was decent on certain items, sometimes very good if on sale. reg priced stuff nothign special.
_________________________
"Ban low performance drivers, not high performance cars"
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#8046407 - 01/15/15 09:21 AM
Re: target closing in canada
[Re: JEFFOS]
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spd-dmn
Post Master
Registered: 11/24/04
Posts: 2271
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the only reason i called it was because i knew canadians were expecting US target prices with higher quality merchandise and that was just notgonnahappen.
i am very curious to know this "big" difference between cdn and us consumers though...
other than pricing, what was the miscalculation in terms of consumer insights? Canadian customers do work and respond differently than the US
i hear this all the time, and i see it in the car market, but what is the big difference in the retail goods market
i know theres big CS differences, and we let businesses get away with a lot more than US customers.. wat dat lawsuit mentality deww
but i still havent seen any concrete evidence of such a massive rift in consumer sentiment when it comes to buying
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#8046424 - 01/15/15 09:30 AM
Re: target closing in canada
[Re: Euphoricuck]
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4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
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There is the problem of comparison shopping (US vs Canadian prices) always.
What Canadian consumers don't understand is the cost of logistics is much, much higher in Canada vs the 'states, so prices would never be equal.
I'm not certain the Target issue was ever pricing though (in reality). There may have been the perception of Target being expensive, but Target always priced stuff the same as Walmart for the equivalent product. + Price matching. + many promotions that were way cheaper. Ppl just didn't bother going to the store. It's always a ghost town there and for that, I do not know why.
Yes, there were supply chain issues up front, but many of those were resolved later on...and despite resolution, the stores were still ghost towns XD
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#8046430 - 01/15/15 09:33 AM
Re: target closing in canada
[Re: spd-dmn]
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4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
|
the only reason i called it was because i knew canadians were expecting US target prices with higher quality merchandise and that was just notgonnahappen.
i am very curious to know this "big" difference between cdn and us consumers though...
other than pricing, what was the miscalculation in terms of consumer insights? Canadian customers do work and respond differently than the US i hear this all the time, and i see it in the car market, but what is the big difference in the retail goods market i know theres big CS differences, and we let businesses get away with a lot more than US customers.. wat dat lawsuit mentality deww but i still havent seen any concrete evidence of such a massive rift in consumer sentiment when it comes to buying
Canadian vs US spending and buyer profile has always been an issue, and is widely studied since forever in the B2C world.
http://www.ats-sea.agr.gc.ca/can/5645-eng.htm
http://www.huffingtonpost.ca/2013/12/30/canadian-american-spending_n_4519051.html
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#8046447 - 01/15/15 09:41 AM
Re: target closing in canada
[Re: 4age]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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There is way more than that.
I wish we knew a retail exec, they probably would know about this topic.
_________________________
-Jeff
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#8046456 - 01/15/15 09:43 AM
Re: target closing in canada
[Re: JEFFOS]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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I'm gonna head over to RFD and see what the experts have to say.
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#8046459 - 01/15/15 09:44 AM
Re: target closing in canada
[Re: Screamin' Type-R]
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JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29176
Loc: Toronto
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Word on the street is they had lots of supply chain and store quantity issues... I don't know for sure I'm just guessing. The places are stacked full of product with little or no shoppers. Everytime I go in there its like a private shopping trip for me and only me loved how quiet it was vs wallymart. wifey and i go there with the baby, just roam around grab whatever you need in peace. barely checkout lineup. pricing was decent on certain items, sometimes very good if on sale. reg priced stuff nothign special.
Yeah it's good for the customers that are there but every customer has an average basket spend per visit. You can only get this number so high because everyone has only so much money.
You can increase number of trips per year which is good but you can only do that so much on average (and food and consumables does this the most a which target was only half in). So you biggest bet is getting more people into the stores.
Nobody in the stores? Kiss of death.
_________________________
-Jeff
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#8046468 - 01/15/15 09:52 AM
Re: target closing in canada
[Re: JEFFOS]
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SW20_MR2
Post Master Sr
Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
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We never went to the Canadian store, but even the U.S. one wasn't anything special to us.
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1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...
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