target liquidation

Target to start liquidation process in two to three weeks

If you caught wind of Target's impending shutdown in Canada and thought to yourself "finally, now I'll be able to get some of those deals they kept promising," your schadenfreude is about to hit fever pitch in the coming weeks. The company has begun telling customers via Twitter that liquidation of the stock in their 133 stores (including nine GTA locations) is set to begin in the next two to three weeks.

As stock is sold off, the company adds, stores will remain open on a case by case basis, with the liquidation projected to take between 16 and 20 weeks. (They also won't accept returns once liquidation begins, so if you have anything to take back, do it now.) The company projected losses from the Canadian pullout as totaling $600 million - but hey, their massive loss could be your moderate gain (deeply discounted sweatpants and slow cookers, ahoy).

Photo via Stephen Caissie via the blogTO Flickr pool.


Join the conversation Load comments

Latest in Fashion & Style

Beloved Toronto family clothing business is permanently closing after almost 50 years

Popular global beauty brand permanently closing all stores in Canada

Toronto's leather master has been working at his craft for 50 years

Win the ultimate Spidertech Mother's Day prize pack

Drake General Store has permanently closed their flagship Toronto location

All the Disney Stores in Canada will be shutting down by the end of summer

Unsold shoes found slashed in bags outside Toronto store

Kit and Ace has closed its last remaining Toronto location