According to recent retail reports and the Toronto Star, Target’s business is soaring. And it seems to be for the same reason people slow down to check out a car wreck…. As Canadians, we love to check out a disaster and pretend like we are polite observers. This phenomenon has hit Target hard, and it seems as if their announcement of their departure was all that was needed to get Canadians to flock to Target stores. The Toronto Star is reporting that between the dates of Jan 15th to Jan 24th total sales at Target were nearly $30 million higher than expected.
All Target stores will begin to shutter in March with every store closed by May 15th. As we reported yesterday, Target will begin to liquidate starting Thursday February 5th
Source: The Toronto Star