Court says Target liquidation can start right away

An Ontario Superior Court judge has cleared the way for Target store liquidation sales to begin as early as Thursday (February 5, 2015). Shoppers can expect the price slashing as the doors open. Target spokeswoman Molly Snyder told the Canadian Press discounts will take up to 30 per cent off regular prices. Already many Target stores have stopped carrying perishables like milk, eggs and frozen foods, Snyder said. The company is still clearing product out of its distribution centres, she added. The court had yet to decide late Wednesday whether Target can begin the sales of its real estate assets. In court today, landlords were concerned that Target’s liquidation sales would tarnish the image of their malls and take away business from other stores who are renting space. “I think all parties are exaggerating,” Justice Geoffrey Morawetz said. “And I mean that quite sincerely.”