This article was first published by Seeking Alpha on January 28, 2015.
By Sarfaraz A. Khan. Research Asst. Mohsin Khan
After two years of operations, Target Corporation (NYSE:TGT) has decided to exit the Canadian market following its failure to expand in the country due in large part to fierce competition, inventory gaps and poor pricing. Consequently, from the fourth quarter FY2014, Target will start reporting adjusted earnings per share that reflect the performance of its U.S. operations only. The Canadian business will become a part of the "discontinued operations".
