People arrive to shop at a Target store in Toronto on Thursday

Target liquidation sales could start Thursday

Target liquidation sales could start Thursday, retailer seeks court approval

By The Canadian Press

TORONTO – Liquidation sales at Target’s Canadian stores could begin as early as Thursday.

Target Canada will seek court approval Wednesday to allow a group of liquidation companies to start to sell off the contents of its Canadian stores.

The U.S.-based retailer announced last month that it will be closing all 133 of its Canadian stores and laying off more than 17,000 staff, just two years after its highly anticipated launch north of the border.

The company took over old Zellers stores and opened in Canada in March 2013, but failed to deliver on customer expectations.

Shoppers found higher prices than in the U.S. and nearly bare shelves due to problems with the distribution chain.

In explaining the decision to close its Canadian stores, chief executive Brian Cornell said he didn’t expect Target Canada to reach profitability until at least 2021.

Target Canada has been granted court protection from creditors and is now in the process of winding down its operations.

In addition to its remaining inventory, the furniture and equipment will also be sold during the liquidation sale.

Court files specify the liquidation companies are not to advertise the sales as “bankruptcy” or “going out of business” sales.

Just Posted

Esquimalt café cooks up connections for all abilities

A Kinder Cup focuses on positivity, inclusivity and connection

Free bike exchange program available to Greater Victoria kids

The Re-Buy-Cycle Shop in Langford offers free bikes for young learners

Central Saanich sparks up new opening burning bylaw

New bylaw offers ‘balanced approach’ between status quo and tougher provincial regulations

Oak Bay father’s testimony at murder trial like plot of ‘bad low-budget movie:’ Crown

Crown alleged Andrew Berry’s ‘entire story of Christmas Day is a lie’

PHOTOS: Hundreds gather in downtown Victoria for Extinction Rebellion climate protest

The rally is the kickoff to the Global Climate Strike Week of Action

PHOTOS: Young protesters in B.C. and beyond demand climate change action

Many demonstaers were kids and teens who skipped school to take part

B.C. truck drivers to face higher fines for not using winter tire chains

As of Oct. 1, not using chains on the highway when required could net you a $598 ticket

Singh campaigns in Toronto, May in Winnipeg, as Liberal and Tory leaders pause

All parties expected to be back on the campaign trail Sunday

Possible Canadian cases of vaping illnesses being investigated: health officer

‘I think that will be really important to address the overall trend of youth vaping’

Area 51 events mostly peaceful; thousands in Nevada desert

Three more people were arrested Friday on the remote once-secret military base

B.C. First Nation signs agreement to return its land on Vancouver Island

The land on the east coast of Vancouver Island will be returned to the We Wai Kai Nation

Former B.C. lifeguard gets house arrest for possession of child porn

Cees Vanderniet of Grand Forks will serve six months of house arrest, then two years’ probation

How to react to Trudeau’s racist photos? With humility, B.C. prof says

‘We are now treating racism as a crime that you cannot recover from’

‘I’d do it again,’ says B.C. man who swam naked, drunk in Toronto shark tank

David Weaver, of Nelson, was drunk when he went to Ripley’s Aquarium in Toronto on Oct. 12 2018

Most Read