Target is pulling out of Canada.
The Minneapolis-based retailer announced Thursday morning it has filed for creditor protection with the Ontario Superior Court of Justice,
"Personally, this was a very difficult decision, but it was the right decision for our company," Target CEO Brian Cornell said in a statement.
Target employs 17,600 people in 133 stores across Canada.
The company had racked up losses of $2.1 billion in the few years it was had operations in Canada.
More to come...