Target’s shutting the first 16 of its 1330 Canadian stores Sunday.
Twenty thousand jobs are expected for Canadians after the announcement of the $1.2-billion investment in Loblaw companies.One hundred of the Canadian stores will be renovated and 50 new locations are expected.
The thing they’re most sad about? The employees losing their jobs: “It very, very hard to find a job so it’s sad a lot of people are losing theirs.”
Once again Target Canada has found itself trending on social media for the wrong reasons— this time for the size of its ex-CEO’s severance package.
After U.S. retailer Target announced on Jan. 15 it will close all of its 133 stores in Canada, landlords were about to be stuck with empty retail space, including two locations in East York: Shoppers…
This week, Joanne Barden stood at the entrance of the newly opened Target store on Danforth Avenue. She had a box of poppies slung around her neck. “Two young men… they took poppies and made a donation … and they told me they respected our veterans very much, and they respected the military, and I found that extremely rewarding,” Barden said.
Retail giant Sears is sharpening its markdown pencils and getting ready to spruce up some of its stores ahead of a major new competitor entering the Canadian market. U.S. retailer Target has plans to open 125 to 135 stores in Canada beginning in March 2013. In a move to stay competitive, Sears last month announced it would be slashing prices on 5,000 items.