All Target stores in Toronto will close by mid-April
The end of the line for Target stores in Toronto has now come into focus. As the retail giant continues to clear out its remaining Canadian inventory, it appears poised to accelerate its shutdown strategy. The original plan called for the company to windup local operations in May, but the new timeline moves that up to mid-April.
Having been in a Target store recently, I'm not sure that consumers will be missing much. The stock has already been heavily depleted after liquidation efforts began back in early February. A number of the 133 stores in the country have also already shut down in advance of the big fade.
What exactly will happen to the massive Toronto retail spaces when Target packs up is not yet known. While Goodlife Fitness has shown interest, analysts say that it is more likely that Walmart and Loblaws will duke it out for the vacant locations. Stay tuned.
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