Brian Sozzi of Belus Capital Advisors has a wake-up call for investors: Target is failing in Canada. The big-box retailer entered Canada with all sorts of bravado, saying it could do to retailing there as it has done in the U.S. However, Target incurred over $600 million in operating losses in 2013. Target continues to sell the hope to investors on its Canadian potential by saying it's fixing problems such as persistent out-of-stocks and poor price perception. However, Sozzi's sources on the ground in Canada have told him a disturbing series of accounts and continue to send him pictures that paint the business in the most unflattering of ways.
At the time of publication, Sozzi was long XXX, although positions may change at any time.
At the time of publication, Sozzi held no position in the stocks mentioned.
Brian Sozzi is the CEO and Chief Equities Strategist of
. He is responsible for developing and managing an equities portfolio of mid- and large-cap positions, in addition to leading the firm's digital content initiatives. He is also a personal finance columnist for