Which demographic factor did Target primarily analyze when deciding to expand into Canadian markets in 2013 before their eventual withdrawal?

Test your knowledge about how major retailers use demographic data to make strategic location decisions! Understanding geographic demographics is crucial for retail success, as it helps brands target the right customers in the right locations. This question explores how a major retailer analyzed population data to make a significant expansion decision that impacted their business trajectory.

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Similar shopping behaviors between Canadian and U.S. consumers based on border town retail patterns
Higher disposable income among Canadian urban populations compared to equivalent U.S. metropolitan areas
Cultural familiarity with the Target brand due to cross-border shopping by Canadians
Lower retail space costs in Canadian shopping centers compared to U.S. locations