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.


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Fashion & Style

IKEA opens dream-like pop-up in Toronto

Canadians are overwhelmingly buying secondhand items to save money

Canadians are sharing what's actually worth buying at Dollarama

Beautiful store in Toronto is famous for its hats and clothing inspired by the outdoors

Toronto small business owner closing shop to 'run away with the circus'

Toronto shop owner says last 3 years have been a real struggle

Toronto mall will start locking its doors overnight and locals are not surprised

Canadian thrifters sick of Value Village marking up Dollarama items