The Canadian Press

2015-02-05 | Target Exits Canada

Preview Clip

Bargain hunters woke up before the crack of dawn to be first in line for the liquidation of Target's Canadian stores. The US retailer has launched the first phase of discounts at its 133 stores across the country. A spokeswoman for the company said shoppers could find items reduced by as much as 30 per cent. But Canadian Press reporter David Friend, who checked out a Target store in Toronto this morning, says many items were only marked down 10 per cent. (Target's exit strategy includes selling off the valuable properties and existing leases for its stores, which are estimated to be worth about 1.1-billion dollars. Major brands like Canadian Tire, Loblaws and GoodLife Fitness are expected to put an offer in on at least some of the locations.)

Date: 2015-02-05
Placeline: TORONTO.
Source: The Canadian Press
Length: 21 seconds

Transcript Prediction: << the ceiling on these discounts is about 30% so yeah if you're looking to save a lot of money when you have been to a Target this week it's not going to happen it was a lot of items when you think about food for friends since you saving maybe $0.50 which I mean what is up with your stuff but also a lot of the supermarkets cut their prices around comparative numbers >>