Canada’s Retail Exodus

Here’s who’s closed stores in Canada Source-The Canadian Press | 2015 Target Canada isn’t the only retailer closing its doors in Canada. On Thursday, Sony announced it was shuttering stores in the country. They add their names to a growing list of retailers who have recently closed some stores or are closing altogether in Canada. […]

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Liquidation Terms 101

Liquidation Terms: The Language of Liquidation World Closeouts: An offering of selected discontinued goods by the vendor to the retailer at reduced prices. This merchandise has been discontinued because of slow sale, a broken assortment,overstock, or the need to make space for a new season, etc. Overstocks: Merchandise in stock and on order in excess of planned quantities […]

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Liquidation 101

Liquidation 101 Terms Relating to Salvage: The Language of EPIC Liquidation World Closeouts-An offering of selected discontinued goods by the vendor to the retailer at reduced prices. This merchandise has been discontinued because of slow sale, a broken assortment,overstock, or the need to make space for a new season, etc. The savings are often passed […]

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TARGET CANADA- EPIC Liquidation

EPIC_BLOG

Liquidation sales at Target’s Canadian stores could begin as early as Thursday. Target Canada will seek court approval Wednesday to allow a group of liquidation companies to start to sell off the contents of its Canadian stores. The U.S.-based retailer announced last month that it will be closing all 133 of its Canadian stores and […]

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BREAKING NEWS-Target Canada Granted CCAA Order

EPIC_LiQUIDATION

  TARGET CANADA IS CLOSING! Liquidation Sales Well its going to be an EPIC Liquidation year indeed! Target Corporation (NYSE:TGT) announced that Target Canada Co. (“Target Canada”) has obtained an Initial Order from the Ontario Superior Court of Justice (Commercial List) (the “Court”) for creditor protection under the Companies’ Creditors Arrangement Act (“CCAA”) earlier this […]

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