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Target misses the mark - again

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mammo

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Aug 23, 2001
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Target started its liquidation sale today and I thought I would stop in on my way to work to see if I could pick up a few essentials at a discounted price. They were advertising up to 30% off on items on the news yesterday.
What a joke.
Most of the items I saw were 10 % off - if there was stuff going at 30 % off, then either I'm looking in the wrong section or it didn't exist. I was looking to pick up some towels, some kitchen stuff, underwear (gotta have my Haines man!) - that kinda stuff. Walked through the pet supplies and again, nothing that was even remotely on "sale" ...
I had done a quick scouting trip at my Target location last week (West End near Sherway) and prices on a couple of things were lower than they were today, even with the 10% off... which, given the fact that we have to pay 13% sales tax, isn't much of a savings (at least when I was in school doing the math)...
Yet, there were people in there with carts stuffed full of items, so I don't know, maybe the items I'm looking for are not on sale or going for deep discounts yet.
I walked out with nothing and a couple of women asked me if the shelves were already bare.. I told them about the 10% instead of 30% fiasco and they were surprised. They had come from another Target and said shelves were already bare of the good stuff
Maybe Target is waiting until a week or two into this before really discounting stuff but by then, you'll be left with goods that nobody wants and XXXL sizes on most clothes.
It looked like most of the Target-branded stuff that you can get in Buffalo had already been shipped back to the U.S. stores where they know they can sell them... all that they left behind here were the Canadian Target branded items which they don't want south of the border.
Disappointed to say the least...
No wonder they screwed up this Canadian expansion.
Oh well, planning on hitting the U.S. Target stores in the spring (when hopefully the dollar will be a little more competitive!)
 
Reading the news yesterday I think the staff were being kept in the dark what was going to be discounted and with shortage of staff maybe all the discount signs were not yet.
 
stanleyross said:
Liquidation starts today not yesterday.

Should see the discounts at 30% + now.
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As I said, didn't see many 30% discount items where I was...maybe I'm not after the items with the 30% discount signs on them... also noticed that most of the "signs" advertising the discounts were sloppily applied to the shelves in some cases, with masking tape... I guess people are already mailing it in and just waiting to put in the necessary time to get their full severence packages.
 
mammo said:
As I said, didn't see many 30% discount items where I was...maybe I'm not after the items with the 30% discount signs on them... also noticed that most of the "signs" advertising the discounts were sloppily applied to the shelves in some cases, with masking tape... I guess people are already mailing it in and just waiting to put in the necessary time to get their full severence packages.
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I think the liquidation is under the authority of court appointed companies so what can be discounted and at what rate is decided by them. I am sure larger discounts to follow in the next few weeks as they sell the inventory and store fixtures.
 
mammo said:
...
Yet, there were people in there with carts stuffed full of items, so I don't know, maybe the items I'm looking for are not on sale or going for deep discounts yet....
Click to expand...

so I guess they didn't really miss the mark if people are still filling their carts. Target is still going to try to re-coup some costs. If you want bigger discounts wait a few more weeks and they'll reduce items more, that is unless someone else decides to buy it while at the current higher price. It's supply and demand.

I did work in retail for a store that went out of business (we just had everything 50%, made it easy). So when I heard it was "up to" 30% for Target, I knew what that really meant. I heard they're even selling shelves, fixtures, etc, so I was surprised they didn't have bigger discounts. But like you said, people are still willing to fill their carts.
 
I feel sorry for all the companies and trades people who they owe money for building their stores here. One of my clients who has a large electrical business told me they owe him over a million in materials and labour on a few location they tendered for install. Those fridges and shelves with no stock in them.... Not paid for either!

To make matters worse, the property management of those malls they took over will now be empty once again. Yet somehow the CEO get a huge severance package!

I'd avoid places like this and Walmart too
 
Their Pharmacists aren't happy either.

Homeless pharmacists

Employees aren't the only ones dealing with frustrations during Target Canada's final days.

The closure is creating a crisis for independent pharmacies operating in the stores by not giving them enough time to relocate and make the best decisions for their patients, said the president of the Pharmacy Franchisee Association of Canada.

The Ontario Pharmacists College must receive an application for certificate of accreditation at least 45 days prior to the proposed opening date of a pharmacy.

Stavros Gavrilidis, the pharmacist at a Target store in Windsor, Ont., said Target gave notice on Jan. 26 that he would have until May to relocate. But since then, he said he has received a disclaimer from Target saying that he will now have 30 days to relocate.

"There's not enough time — it's not realistic," Gavrilidis said. "We're in a situation where the patient relationship with the pharmacist has been undermined."

http://www.cbc.ca/news/business/target-canada-liquidation-sales-begin-thursday-1.2945171
 
1HandInMyPocket said:
so I guess they didn't really miss the mark if people are still filling their carts. Target is still going to try to re-coup some costs. If you want bigger discounts wait a few more weeks and they'll reduce items more, that is unless someone else decides to buy it while at the current higher price. It's supply and demand.

I did work in retail for a store that went out of business (we just had everything 50%, made it easy). So when I heard it was "up to" 30% for Target, I knew what that really meant. I heard they're even selling shelves, fixtures, etc, so I was surprised they didn't have bigger discounts. But like you said, people are still willing to fill their carts.
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I agree. If they can sell the majority of their merchandise at only 10% off then, under the circumstances, they're doing OK. I've heard that they aren't selling anything of real demand ie. iPhones, iPads etc. I'll put money down that US make some sort of deal with Apple.

The Upper Canada Mall location always had full shelves the couple of times I was in there. At 4am this morning Target had full staff in and they weren't unloading transports as there weren't any there. Who knows.
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Sal1979 said:
I feel sorry for all the companies and trades people who they owe money for building their stores here. One of my clients who has a large electrical business told me they owe him over a million in materials and labour on a few location they tendered for install. Those fridges and shelves with no stock in them.... Not paid for either!

To make matters worse, the property management of those malls they took over will now be empty once again. Yet somehow the CEO get a huge severance package!

I'd avoid places like this and Walmart too
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I wouldn't worry about the property managers. One is Brookfield Management. They are incredibly big.

As for the CEO this is not unusual. They all have golden parachute clauses in their contracts. It's up to the shareholders to put in a "succeed or no parachute in the contracts" but that will never happen.
 
I popped in first thing as well and saw the same thing, sales were 10% on 90% of the items. 30% off was for some cheap junk (e.g., travel-size shampoo), although cosmetics were 30% off (tho that does nothing for me). Clothing was 10-20% off. But on the whole it was a 10% off sale, which doesn't even cover the tax.

I saw many empty carts and disgruntled customers who left without buying. Clearly everyone was expecting a better sale.

Shit, Target can't even get a liquidation sale right! lol
 
Keebler Elf said:
I popped in first thing as well and saw the same thing, sales were 10% on 90% of the items. 30% off was for some cheap junk (e.g., travel-size shampoo), although cosmetics were 30% off (tho that does nothing for me). Clothing was 10-20% off. But on the whole it was a 10% off sale, which doesn't even cover the tax.

I saw many empty carts and disgruntled customers who left without buying. Clearly everyone was expecting a better sale.

Shit, Target can't even get a liquidation sale right! lol
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This is only the beginning.

They will be forced to lower their prices as time drags on.
 
stanleyross said:
Reading the news yesterday I think the staff were being kept in the dark what was going to be discounted and with shortage of staff maybe all the discount signs were not yet.
Click to expand...
My guess is for the first day or two the only thing discounted was the signs that said "discounted", on top of which ,they were discounted by the amounts written on the signs. (hence the absence of higher discount signs visible anywhere). Now, granted, this is all highly unlikely, but it is, however, perfectly in keeping with the genius of Target Canada's management.
 
GPIDEAL said:
This is only the beginning.

They will be forced to lower their prices as time drags on.
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The problem is by then, most of the items I am interested in (sizes mostly) will be gone, so we'll be left with XXXL shoes and shirts and pants and such...
I get it if they want to try and recoup as much money as they can on the way out the door but c'mon, at least leave a good taste in people's mouths after fucking up the entry into Canada... As someone said earlier, they can't even get a liquidation right
 
mammo said:
The problem is by then, most of the items I am interested in (sizes mostly) will be gone, so we'll be left with XXXL shoes and shirts and pants and such...
I get it if they want to try and recoup as much money as they can on the way out the door but c'mon, at least leave a good taste in people's mouths after fucking up the entry into Canada... As someone said earlier, they can't even get a liquidation right
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Right. Just give it all away to give people a good taste in their mouths. Come on. The post up above that said they must be doing something right if people are still filling their carts was bang on. They have a few months to go here, if you want cheap, wait till May. If you want selection, go now. This is how liquidations work.
 
cisco8 said:
Clothes, pots, pans, dvds, toys - even for free its still a ripoff.
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What? How is free a ripoff?

mammo said:
Oh well, planning on hitting the U.S. Target stores in the spring (when hopefully the dollar will be a little more competitive!)
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I wouldn't go to the US to do shopping for a long while. The Canadian dollar could be 75 cents against the greenback by the summer.
 
freestuff said:
What? How is free a ripoff?
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Filling your house with stuff you don't need?

When you try to be a minimalist, you can never go back to the yard sale materialism. You see buying for what it is: everything you buy either ends up in a forgotten memory, a landfill or a toilet.
 
1HandInMyPocket said:
so I guess they didn't really miss the mark if people are still filling their carts. Target is still going to try to re-coup some costs. If you want bigger discounts wait a few more weeks and they'll reduce items more, that is unless someone else decides to buy it while at the current higher price. It's supply and demand.

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Click to expand...


I can't believe how many people aren't understanding how this works. I heard several reports on the radio about this and even "experts" talking about how it's not much of a liquidation sale. I don't know where they get these "experts" from.

The way liquidation sales usually work is just how you said. First few weeks is minimal (10-20%) the next few weeks it jumps, 30-40% and the closer they get to closing the doors, the more aggressive the mark downs will be. I have no idea why people expect this, especially the "experts".
 
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