Target 3Q Income Down by Half; Stung by Costs of Canada Expansion


Target's stock dropped 3.46 percent today after the retailer reported third-quarter net income dropped by nearly half.

... "The retail price in Canada is much higher, compared to the retail price in the U.S.," said Minha Hwang, a management professor at McGill University in Montreal. "The Canadian price is about 20 percent higher compared to the U.S. price."

Read full article: MPR News, November 21, 2013