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    Recent Articles

    Target announces Starbucks as coffee retailer for Canadian stores (Starbucks Newsroom)

    Loblaws launching loyalty program to coincide with Target entry (Globe and Mail)

    Zellers reviews options for outlets ‘left behind’ (Globe and Mail)

    Canadian malls are the Target of expansion(Montreal Gazette)

    Sobeys and Target: a winning combination (Financial Post)

    Target’s rejected sites in high demand by rival retailers (Globe & Mail)

    Walmart, Canadian Tire in Target's crosshairs (Financial Post)

    What we can expect: Tony Fisher talks about Target Canada (Financial Post)

    Target’s Canadian foray hits cost hurdle (Globe & Mail)

    Announcement of which Zellers are to convert coming by end of May? CTV

    "Death of Canadian retail greatly exaggerated" Rona CEO (Financial Post

    Impact on Canadian Tire (Financial Post)

    Canadian Retail Industry Viewpoints (Profit Magazine)

     

     

     

     

     

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    Tuesday
    Mar242015

    Target Canada began thinking of closing last summer

    Weeks after employees were assured that Target was committed to Canada, the legal department at headquarters in Minneapolis first raised the concept of a Canadian insolvency, according to newly filed court documents.

    “Target Corporation’s internal legal department first raised the concept of a Canadian insolvency filing in summer 2014. However, the possibility of an insolvency filing was not explored or considered in any meaningful way until around late October, 2014,” according to a document filed by lawyers for Target Canada Corporation (TCC) in Ontario Superior Court.

    In the document, Target responds to 61 questions submitted by suppliers, some of whom have argued that the company bulked up on inventory before declaring insolvency Jan. 15, leaving them with unpaid invoices and no legal way to reclaim their goods.

    To view the full article, click here.