Target fires Canadian president Tony Fisher

Target Corp., seeking to fix a money-losing expansion into Canada, pushed out its top executive in the country and announced plans to name a nonexecutive chair to oversee the effort. Target Canada President Tony Fisher will step down immediately and be replaced by Mark Schindele, a senior vice president in charge of merchandising operations, according to a statement today. Schindele, a 15-year veteran of Minneapolis-based Target, helped roll out new store formats for the chain, including PFresh, CityTarget and Target Express. Bloomberg