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.


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