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

Charity coat collection for Maple Ridge

Maple Ridge Hyundai launched the campaign Nov. 1

Metro floats proposal for river bus service on the Fraser

Electric vessels would serve Maple Ridge, Pitt Meadows and other river cities

Being Young: Lost in translation

Learning a second language will always be useful.

101 bells for Remembrance Day in Whonnock

Parishioners of Holy Spirit Anglican Church rang the steeple bell as a plea for peace

Abortions rights advocates urge Liberals to turn politics into policy

Conservative Leader Andrew Scheer was pressed to clarify his stance abortion over several weeks

VIDEO: Collision in Surrey breaks axle off SUV

Two people were reportedly sent to hospital

Rowing Canada, UVic investigate celebrated coach for harassment, abuse

Lily Copeland says she felt intimidated and trapped by Williams

Cleanup in the works after tanker truck fire leads to oil spill in B.C.’s Peace region

The province said the majority of the spilled oil likely burned away in the fire.

BC VIEWS: Action needed on healthcare workplace violence

While we’ve been talking about it, the number of B.C. victims has only grown

VIDEO: Vancouver Giants blank Cougars 4-0

Goaltender David Tendeck turned aside all 38 Prince George shots for his WHL-leading third shutout

Closing arguments begin in B.C. case launched in 2009 over private health care

Dr. Day said he illegally opened the Cambie Surgery Centre in 1996 in order to create more operating-room time

MacLean says “Coach’s Corner is no more” following Cherry’s dismissal from Hockey Night

Cherry had singled out new immigrants in for not honouring Canada’s veterans and fallen soldiers

Most Read