What phenomenon was Target Canada a part of, leading to its closure?
Retail apocalypse
Economic recession
Market saturation
Online shopping boom
Answer
Target Canada was a part of the retail apocalypse, a phenomenon where numerous brick-and-mortar retail stores closed due to various factors, including the rise of e-commerce and changing consumer preferences. Target Canada's failure was also attributed to its aggressive expansion and inability to compete with established retailers.
Target Canada: How much do you remember about the short-lived discount department store?
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