Target urged to pull out of Canada

TORONTO — Target is facing calls to “cut its losses” and close or reduce its Canadian operations. Michael Exstein of Credit Suisse is the lastest analyst to suggest that the retailer focus its efforts on its more successful U.S. outlets. Sears Holding Corp’s recent decision to sell off its struggling Canadian stores adds to the urgency of Target’s decision, Exstein added. David Strasser, a retail analyst at Philadelphia’s Janney Capital Markets, reported last month that the option of a Canadian shutdown was on the table. Nevertheless, Target reps insisted the company remains committed to the Canadian market.