Look for deals as Target gets ready to liquidate
Posted Feb 4, 2015 4:15 pm.
This article is more than 5 years old.
Starting this week, you can expect to score some major deals at your local Target as the liquidation process gets underway.
The company says sales will start at 30 per cent off and one retail expert says it could go as high as 70 per cent off.
Raymond Shoolman with DIG 360 adds when you go into a Target, keep in mind, every employee is losing their job.
“I don’t expect the customer service to be great and I don’t think consumers should too. I think they should go in there and try to get the best price they can for a product that they want.
They are going to pay at the cash register and leave and not expect a lot of smiling faces.”
If you’re unsure about taking advantage of a big sale even though people are being let go, Shoolman feels there is no ethical dilemma and you don’t really need to feel bad.
“I think it’s a business decision. They’re going out of business, they’re closing their stores. I think it’s the public’s right to go and take advantage of an opportunity. It’s obviously very, very sad but I don’t see it as an ethical question really.”
Some mall landlords were in court this morning in Toronto, concerned that Target’s liquidation sale would tarnish the image of their malls and take away business from other stores who are either renting space or thinking about renting space.
Many Target’s have already stopped carrying some grocery items like milk, eggs and frozen foods. The company will also be selling off its shelving, fixtures and equipment.
This entire process is expected to be finished around by mid-May.
