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Are Walmart and Target Different?
Yesterday, Walmart Canada confirmed 750 layoffs nationwide, reworking its management structure, while 1,300 associates were promoted to more senior roles. Still, the word layoff brings up comparisons to Target’s troubles in Canada. “Target failed in almost every area,” DIG360 Consulting retail analyst Raymond Shoolman tells us, opening too many stores at once without securing an effective and efficient supply line to deliver merchandise on time. However, the Walmart story has been much different. “The consumer waited for them and they pretty much delivered,” Raymond says, and even though it's hurting as well, it has ambitious plans. The retail giant entered the country 20 years ago with the acquisition of 122 Woolco stores.
