LOL then just return them... I buy about 90% of my clothes online. Anything that is final sale and doesn't work out I just sell on Kijiji or ebayQuote:
Originally Posted by annedougherty
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LOL then just return them... I buy about 90% of my clothes online. Anything that is final sale and doesn't work out I just sell on Kijiji or ebayQuote:
Originally Posted by annedougherty
Target Canada owes more than $5-billion to creditors
From India to Milton, Target Canada owes money
http://www.thestar.com/business/2015...creditors.html
Target Canada owes money to nearly 1,800 businesses around the world, from India to Shanghai and Brampton to Winnipeg.
I was right , not only they want to screw their own employees , they want to screw their creditors too. Target USA has enough money to pay everyone, but by declaring bankruptcy for Target Canada , they can weasle out of all their commitments.Quote:
Originally Posted by tjthemanto
Target Canada owes more than $5-billion to creditors
From India to Milton, Target Canada owes money
http://www.thestar.com/business/2015...creditors.html
Target Canada owes money to nearly 1,800 businesses around the world, from India to Shanghai and Brampton to Winnipeg.
Their list of creditors is mind boggling
http://www.alvarezandmarsal.com/site...%202015)_0.pdf
Good life fitness is interested in taking over the target locations.
Yup ..most of them are going to get pennies on the dollars, after all is said & done. Some of them won't be paid at all.Quote:
Originally Posted by BumbleB
Also, whatever little that they do get paid after all the lawyer fees et al , is not going to be immediate. Its going to take ages for all this to work its ways through courts .
So in addition to the 17,600 Target workers , who are affected by this , I think its going to affect lot of other companies & their workers. Probably some layoffs over there too.
Imagine you are a small company or an individual & now your goods & money is stuck with Target . Its bound to affect your cash flow & your business in a negative way. You were maybe depending upon this money to survive & apy your bills & your employee salaries :(
Just what we need, more gyms..... :PQuote:
Originally Posted by scouponer
I know I would prefer to have some sort of retail but at least this should bring traffic to malls and is better than sitting empty. Plus wouldn't it be great to have a gym with an elevator and escalator...who wants to run up the stairs while working out. LolQuote:
Originally Posted by Dinobuzz
No kidding.Quote:
Originally Posted by BumbleB
I don't totally understand how all of this works, but :omg: re: amounts. The entry for Nicollet Enterprise (which appears to be Target's foreign branch, same address as US) shows an amount owing of over $3 billion. Individual entries for what I assume are departments of Target's main headquarters amount to about $110 million. CRA $12 million. Ouch.
Maybe stock they bought from the US company to get better pricing on wholesale costs?Quote:
Originally Posted by dizzyb
My Target doesn't have an escalator lolQuote:
Originally Posted by scouponer
Target Canada owns Target USA , 3 billion ..lol . Its like your left hand owes your right hand money , and you declare bankruptcy and take off.Quote:
Originally Posted by dizzyb
There is money in your left hand, but you don't give it to someone you borrowed it from , because its not in your right hand.
Create seperate corporate identies , pay your ex CEO $ 61 million golden handsake for running the company into the ground & then hide behind the courts & bankruptcy laws. No one goes to jail for this..nice con job.
The only people suffering are the creditors & 17,600 employees.
Plus there are lot of third party contract workers , who are not Target employees ..like the people who clean the store , maintain the store , some delivery & supply drivers , some night security guards etc etc, who will be affected by this too , in addition to the 17,600 direct Target workers.
My friend works for a store , where all the delivery drivers who deliver goods to customer's homes ..are third party independent workers, although the truck has the store logo on it :shrug: . They get paid per delivery & are not direct store employees, so no benefits , no fixed pay roll as such. They have to pay for the truck & maintain it etc , pay for insurance ..everything from their owm pocket.
That smells like creative accounting.Quote:
Originally Posted by tjthemanto
I hate that people who have never been interested in shopping at Target are gonna be able to take advantage of clearance sales. >.<