Target Liquidation Sales
By Kate Musgrove
January 24, 2015Update (February 2): We've got new updates on the start date for Target's liquidation! Word is that Target is looking to present a motion to the court on Wednesday, February 4, which seeks the approval of the court to appoint a joint venture of liquidation companies to sell off the inventory across the 133 Target locations. If this motion is approved, then Target's liquidation will start on Thursday, February 5! In fact, leaked internal company emails are already stating that 'Thursday will be like Black Friday', which suggests huge price drops. Of course, liquidators will be solely responsible for all the pricing decisions, so we'll have to wait and see if the deals will be as good as they claim.
Original Post:From the very first announcement that it was discontinuing all operations in Canada, Target has said that liquidation could be expected in “two or three weeks”. One week later, prices haven’t started dropping yet, but we’re expecting that sales will begin soon. What are we basing that on? Well, we’ve heard rumors that the flyer that starts today (January 23) is the last scheduled flyer and liquidation will start when the flyer ends – January 30. Already, all Starbucks Target locations have closed with the employees being reassigned to other areas of the store.
Overall, despite the fact that the liquidation sales haven’t started, sales are actually up at Target – a result of shoppers looking for early liquidation-level pricing and perhaps people who hadn’t ever been to Target and want to check it out before they shut down.
Currently Canadians are holding a total of $7 million in unused Target Canada gift cards. Target Canada gift cards have never been accepted in US Target locations and Target has indicated they won’t alter that policy, so once Target Canada shuts down, the gift cards will hold no value. So if you’ve got a Target Canada gift card, you’ll want to spend it sooner rather than later. Keep an eye on RFD for news and updates on liquidation sales at Target Canada.
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