Target’s interim CEO apologizes to Canadians for disappointing them with their skimpy store offerings

canada.com

By David Friend

TORONTO — After ousting the head of its Canadian operations, the temporary leader of the Target Corp. says he hopes customers will give the U.S. retailer another chance.

“We recognize that we’ve disappointed Canadian guests,” John Mulligan, the company’s interim CEO said Wednesday after delivering weaker first-quarter results.

“We think we’re a great retailer. We have not lived up to our potential, nor our expectations.”

Mulligan stepped into the interim CEO role earlier this month, after serving as the company’s chief financial officer. He replaced Gregg Steinhafel who resigned from the position.

Massive changes have taken hold at the third-largest retailer in the United States over the past few weeks as it focuses on recovering from a security breach in the U.S. that has hurt its reputation, and a bungled Canadian rollout last year that failed to ignite sales.

On Tuesday, the company announced that Mark Schindele…

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