Looks like Target Jacked up Their Prices Before Liquidation
According to a report made by Global News. “Target Canada raised prices on scores of products, from furniture to beauty supplies to pet food and cleaning detergent…”
After numerous customer complaints about raised prices by Target, Global News decided to take a look at the price differences leading up to the liquidation sale. The check turned up findings that suggest that Targets in Toronto’s products saw a “meaningful hikes in cost in the immediate lead-up to Target Canada’s bankruptcy filing.”
Further more Global’s report highlights actual findings of price jumping.
“A 2.27 kilogram bag of IAMS dog food jumped to $12.29 on Jan. 15 from a price of $9.89 set on Oct. 12. Copies of popular DVDs, such as Anchorman starring comedian Will Ferrell, jumped to $10 on Jan. 9 – six days before the filing – from an original price of $7.99 set on Sept. 27.”
While Target Canada has shareholders and a U.S. counterpart to account to, tactics like this make customers even angrier, and promotes a distrust and bad will for cross-border shoppers who used to love shopping at Target.
While the article does highlight the fact that what Target is doing isn’t illegal it’s just poor taste. Especially with the fact that Target was promoting sales of 10% – 30% off.
Honestly it’s clear now that Target was not destined for north of the border, and we are kinda happy to see them go.
Read the report here
Source: Global News