In January 2015, a major retail chain announced that it was closing Canadian stores. What is the name of the chain?

The correct answer is Target. In January 2015, Target announced that it would be closing all of its Canadian stores after less than two years of operations in the country. The decision was primarily due to poor financial performance and a failure to compete effectively with established Canadian retailers.

Target's expansion into Canada was highly anticipated, but the company faced significant challenges, such as supply chain issues, pricing problems, and a lack of product variety, which led to disappointing sales. As a result, the decision to exit the Canadian market marked a significant retreat from an ambitious expansion plan.

Other retailers mentioned, such as Walmart, Kmart, and Best Buy, did not announce similar closures of Canadian stores around that time, which helps to distinguish Target’s situation as a notable event in the retail landscape of Canada.