Watch Out For Target Canada’s Thursday Liquidation Sales, An Early ‘Black Friday’ Bonanza
Target Canada has scheduled this Thursday, Feb 5, as the start of its liquidation sales day, in what could be its last “Black Friday” bonanza in the North American nation. That is, if the courts approve the proposal.
The failed American retailer, which is shutting down all its 133 stores across Canada, had posted on Twitter its desire to liquidate what’s left of its inventory. Target Canada said it is set to file before the court on Wednesday an approval to allow a group of liquidation companies to start selling the contents of its Canadian stores. "If the liquidation is approved by the court, Target Canada expects that liquidation would begin within a few days," Target spokeswoman Molly Snyder told CBC News.
But various reports learned staff of the outgoing retailer have been advised to brace for the sale starting this Thursday. “Thursday will be like Black Friday,” an email to staff sent by Target human resources said. The email went on even to say that Thursday’s sales are expected “to double compared to a normal Thursday."
Those who will man the cashier lanes were advised to be there “through the weekend,” as well as all other “hands on deck." Workers were told to swiftly unload new cargoes as they arrive because trucks are surely to “arrive more often, packed with products.”
"We need to work the trucks and empty them every day," the internal email said. Signed by the HR manager, the sales is expected to run for seven to eight weeks where everything is expected to be sold, from merchandise to store furnishings and equipment.
The shutdown affects the jobs of over 17,000 Target Canada employees. The company said it decided to close shop in Canada, after just two years of operations, because it didn't expect to reach profitability until at least 2021. All stores are expected to close by May 15.