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Thread: Target leaving Canada!

  1. #1
    CaNewbie
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    Target Canada has announced that it will close all of its Canadian stores and file for creditor protection
    Employees not required to work during the winding down process will be given 16 weeks severance

    Threads merged - FallenPixels
    This thread is currently associated with: Target
    Last edited by FallenPixels; Thu, Jan 15th, 2015 at 09:39 AM.
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  2. #2
    Frosh Canuck
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    Just heard the report on the news. Perhaps not surprising, but wow.
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  3. #3
    Smart Canuck
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    just heard the news. sad for the ppl that will lose their jobs , but then I start thinking all about the sales/ clearance.

    http://finance.yahoo.com/news/target...rdUFJIAHivrFAx.

  4. #4
    CaToonie TorontoRaptors's Avatar
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    damnit just heard too and you guys beat me to the posting! good job!!

  5. #5
    CaToonie TorontoRaptors's Avatar
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    I loved target!!
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  6. #6
    Canadian Women Rock travel-mum's Avatar
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    News this morning!
    All Canadian Target stores to close and the company will file for credit protection!
    Check out my new life blog.
    https://plus.google.com/114910790929192660665/posts
    I will be posting on it once a week. Hopefully it will provide you with a hint or two that you can translate to your own life, to make it better. Mine keeps getting better every day!

  7. #7
    make a difference lor1492's Avatar
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    just heard, I'm shocked. signed in to see what people were saying. I did not see that coming.

  8. #8
    no more door to door! :) walkonby's Avatar
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    lol!! I JUST got the email now too!!


    Target closing Canadian stores

    Target has announced it will be "discontinuing" its Canadian operations and will be closing all 133 stores.
    Watch CP24 or visit CP24.com for details as they become available.




    For instant breaking news follow us on Twitter @CP24.





    uh oh I guess all the sc-ers BROKE Target!!

    lol!!!






  9. #9
    CaToonie TorontoRaptors's Avatar
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    how are you shocked??????? they lose 2.3 BILLION dollars last quarter. the market in canada is tougher to penetrate then in the states. but when you loose 2.3 Billion dollars its time to reconsider the relationship. Would you pay over 2.3 billion dollars to barley get the head in?
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  10. #10
    make a difference lor1492's Avatar
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    I'm not sure there is anything amusing for all the folks losing their jobs, this is another blow to the Canadian economy :-(

    We don't have a target near us, I don't follow their profits or losses. So yes I'm shocked to hear they are bailing
    Last edited by lor1492; Thu, Jan 15th, 2015 at 08:59 AM.

  11. #11
    Newbie shopanista's Avatar
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    I couldn't believe my eyes when I read it this morning! I'm gonna miss those clearances!

    http://www.ctvnews.ca/business/targe...sion-1.2189973
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  12. #12
    Mastermind Anna Michele's Avatar
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    Target has stunned the retail community by announcing it's planning to close all its 133 stores in Canada and file for creditor protection.

    The announcement Thursday deals a huge blow to Target Canada's 17,600 employees.

    Target Canada says that to ensure fair treatment of its employees, nearly all will receive a minimum of 16 weeks of compensation, including wages and benefits coverage for those employees not required for the wind-down period.

    All of Target Canada's 133 stores will remain open during the liquidation process.

    TARGET IN CANADA
    JOIN NOW WIN BIG in the Survivor Pool starting in the Spring
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    https://forum.smartcanucks.ca/435852...a/#post7022499

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    Mastermind Lynn49's Avatar
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  14. #14
    Mastermind Anna Michele's Avatar
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    That is insane but we all saw it coming. The store was always empty and I hardly ever left paying more than $20. Good for me not so good for them. Its really too bad I love target.
    Maybe we should start a petition at change .org #savetarget
    JOIN NOW WIN BIG in the Survivor Pool starting in the Spring
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  15. #15
    CaLoonie canadian_girl's Avatar
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    What! bummer....

    Although, I can honestly say I only shopped the sales and clearance items there.... Otherwise too expensive for me.

    Thanks for breaking the news to us, OP.
    Last edited by canadian_girl; Thu, Jan 15th, 2015 at 09:09 AM.

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