The moment that many residents in Calgary have been waiting for is finally here – Target Canada has begun its liquidation sale.
Shoppers can enjoy up to 30 percent off everything remaining inside Target’s stores now that the company received the go-ahead to liquidate all of its stock.
Signs are already up at some locations in Calgary, posting the deals saying that ‘everything must go’.
Electronics are high on the list for shoppers at the six Calgary locations as they're looking to cash in on the deals offered during the closing sale.
Jen says she is looking for a little bit of everything. "Probably just some more pillows and throws for the bed because we just moved into a new apartment."
She adds that she is sad to see the store go. "It's one of my favourites; it definitely beats out Walmart, so the fact that it's leaving is definitely a little bit sad."
However, once the doors opened and the customers started filing in, it was all too clear that the sale wasn't all it was cracked up to be.
Jason Madsen came to the West Hills Target looking for a deal on a TV but left empty handed. "I came out looking for TVs and they're ten percent off. Some of them have been marked up so that the ten percent actually means nothing."
He says it's very disappointing to see. "There's just a lot of people wandering around in there with nothing to buy."
Cameron Steele also said that he wasn't impressed by anything he saw on the shelves. "I didn't see anything in there that was for 30 percent off, but what can you do."
Steele says he isn't necessarily sad to see them go. "I heard they were going to open a few gyms in here so that's good for me."
Colin Kristiansen says that he was surprised by how poor the sale prices were at Target, saying he spotted a TV on sale in the store that was several hundred dollars more expensive than competitor Future Shop.
"There is no deal. None. It's completely blown out of proportion," he says.
The U.S. retail giant opened 133 stores north of the border two years ago, employing more than 17,000 staff.
Last month, the company announced that it would be shuttering all of its stores and laying off all staff, citing a failure to deliver on customer expectations and poor holiday sales.
The company will also be selling off all their fixtures, shelving, equipment, along with valuable properties and existing leases. The estimated value of Target’s assets is about $1.1B.
Major brands in Canada like Canadian Tire, Loblaws, and Goodlife Fitness are all expected to put an offer in on at least some of the locations.
(With files from CTVNews.ca)
