Following approval from the courts, Target Canada’s nationwide liquidation sales will begin Thursday, February 5 at all locations.
Shoppers hoping to score huge deals may be disappointed to learn that the initial savings offered through the liquidators will be up to 30 per cent off regular prices of goods,Target spokeswoman Molly Snyder told the Globe and Mail.
Sale signage will go up in all 133 Target locations across Canada after closing Wednesday night, an employee told CBC News. Among those signs are those offering discounts of up to 80 percent off, however the stores will only be offering 10 to 30 percent off the first week.
Pricing will vary from store to store, and will be based on inventory levels. So far, 36 Target Canada stores have stopped receiving merchandise already, whereas others have taken on extra stock as warehouses are being emptied.
No refrigerated items, like dairy products, are being shipped to Target stores anymore.
Target Canada has projected that they will spend about three to four months liquidating the stores.
While over 17,000 workers are expected to lose jobs, landlords of Target properties are also worried that the liquidation sales could harm the image of the malls at which the stores are located. Additionally, pharmacists who had been employed by Target have concerns about continuity of care for their patients, as well as job placement for themselves. Among the first to defect were the Starbucks coffee shops inside Target stores, which closed up across the board on January 23.
Target Canada announced on January 15 they were pulling out of the country completely and closing all of their stores.
Featured image: Target Canada/Shutterstock