Target (NYSE: TGT) is continuing its shake up at the top levels, firing the president of its Canadian operations one day before the retail giant reports its first-quarter financials.
The U.S.-based company announced May 20 the dismissal of Tony Fisher, who guided the company through the launch of more than 100 outlets in Canada.
Target lost about $1 billion in 2013 through efforts to expand in Canada.
“We are grateful to Tony for leading Target’s first international launch. One of our key priorities is improving performance in Canadian more rapidly and we believe it is important to be aggressive,” interim CEO John Mulligan said in a statement.
“We have a committed team who is focused on delivering an outstanding shopping experience to our Canada guests and getting our performance on track.”
Fisher’s firing is the second big leadership change to hit the company in recent weeks.
Target announced May 5 president and CEO Gregg Steinhafel was leaving the company after 35 years.
His departure came after the box-store chain revealed in December 2013 at least 40 million credit card numbers had been stolen in a massive data breach.
Target’s senior vice-president of merchandizing operations, Mark Schindele, replaces Fisher effective immediately.
