Editor wrote:Clearance starts today.
I'm not too worried as my local store sold thru any TF's I cared about after New Years, but hopefully there are a few stores with stuff you are looking for.
The Canadian Press
Published Wednesday, February 11, 2015 6:29AM EST
Last Updated Wednesday, February 11, 2015 11:17AM EST
MISSISSAUGA, Ont. -
Wal-Mart Canada says it plans to expand seven stores and open two new ones this fiscal year.
The retailer will also convert 20 of its stores into supercentres by adding a grocery section.
Wal-Mart Canada estimates the cost at $230 million, with an additional investment of $75 million to expand its distribution network and $35 million on on e-commerce initiatives.
Wal-Mart Canada says it plans to complete another 29 supercentre projects, an expansion that is expected to generate about 3,700 construction jobs, 1,000 store jobs and 300 distribution centre jobs across Canada.
The news comes after U.S.-based retailer Target announced it is pulling out of Canada and will be shutting down all 133 of its Canadian stores.
Target acquired the leases from retailer Zellers back in 2010 and has said it will work with an advisor to sell them.
The expansion will bring Wal-Mart Canada's store count to 396 by the end of January, 2016, consisting of 309 supercentres and 87 discount stores.
shajaki wrote:What I'm unclear about, is whether or not they'll be snatching up the brand new (and newly abandoned) Target stores?
Cobotron wrote:Hey! You seemed to have attracted a wild Megatronus. They're hard to find, but boy are they fun when you catch one!
thanks!megatronus wrote:shajaki wrote:What I'm unclear about, is whether or not they'll be snatching up the brand new (and newly abandoned) Target stores?
I suspect they won't be snatching up the Target stores - one of Target's issues was they simply rented and/or conformed to existing properties and retail spaces rather than investing in their own real estate. I doubt Wal-Mart will be making the same mistake.
shajaki wrote:thanks!megatronus wrote:shajaki wrote:What I'm unclear about, is whether or not they'll be snatching up the brand new (and newly abandoned) Target stores?
I suspect they won't be snatching up the Target stores - one of Target's issues was they simply rented and/or conformed to existing properties and retail spaces rather than investing in their own real estate. I doubt Wal-Mart will be making the same mistake.
i had no idea. to me, it seems like such a waste... all those newly renovated stores, who wouldnt want to snatch them up? but youre totally right. walmart is an owner, not a renter. hell, they rent walmart space to others!
i have an (ex-brother-in-law) who's a walmart manager. they buy a giant-ass lot, and not only rent out spots within the store, but minimalls surrounding walmart pay rent (cause walmart obviously owns em). and with that, they essentially have all their taxes paid off every year.
Cobotron wrote:Hey! You seemed to have attracted a wild Megatronus. They're hard to find, but boy are they fun when you catch one!
Optimum Supreme wrote:Doesn't look much different than the still very much open American Targets in my area. Actually that's how most stores' around here TF sections have looked since Christmas.
MGrotusque wrote:Well...i'm bummed about them folding. Shopping there sucked but i got transformers there generally at the same time the waves were released in the states.
As for saying how wonderfull Toys are Us is and Walmart in regards to delivering the waves on time. ALL the toys r us and walmart stores in my town and beyond are still selling Beast Hunters and AOE stuff and havent restocked the shelves since summer. It's abysmal.
I'm getting really tired at having to order figures online paying American prices with a really crappy Canadian dollar and massively high shipping and handleing.
Canada or at least my hometown SUCKS so bad at keeping up with the latest releases it was refreshing for a store like Target that kept up with the waves to come to my town.
shajaki wrote:i wonder what this means for target USA? they lost a lot of money coming to Canada only to walk away from it all... would there be any kind of ripple effect?
Towline wrote:shajaki wrote:i wonder what this means for target USA? they lost a lot of money coming to Canada only to walk away from it all... would there be any kind of ripple effect?
Well in the USA state of Minnesota. "The birthplace of Target." We had to lay off a lot of managers in the corporate offices and lay off a lot of retail store staff as well. These lay offs are the human medical surgery equivalent of amputating some limbs in order to save a person's life. Our Canadian adventure had hurt us more the helped us.
What I don't get, is why abandon so soon? No business is a smashing success in it's first year, couldn't a little more time have helped?william-james88 wrote:I'm guessing those layoffs include the people who had the brilliant idea of charging more for the same products sold in the states.Towline wrote:Well in the USA state of Minnesota. "The birthplace of Target." We had to lay off a lot of managers in the corporate offices and lay off a lot of retail store staff as well. These lay offs are the human medical surgery equivalent of amputating some limbs in order to save a person's life. Our Canadian adventure had hurt us more the helped us.shajaki wrote:i wonder what this means for target USA? they lost a lot of money coming to Canada only to walk away from it all... would there be any kind of ripple effect?
Sarcasm aside, this hurt a lot of people and its sad how it all turned out due to bad planning.
shajaki wrote:What I don't get, is why abandon so soon? No business is a smashing success in it's first year, couldn't a little more time have helped?william-james88 wrote:I'm guessing those layoffs include the people who had the brilliant idea of charging more for the same products sold in the states.Towline wrote:Well in the USA state of Minnesota. "The birthplace of Target." We had to lay off a lot of managers in the corporate offices and lay off a lot of retail store staff as well. These lay offs are the human medical surgery equivalent of amputating some limbs in order to save a person's life. Our Canadian adventure had hurt us more the helped us.shajaki wrote:i wonder what this means for target USA? they lost a lot of money coming to Canada only to walk away from it all... would there be any kind of ripple effect?
Sarcasm aside, this hurt a lot of people and its sad how it all turned out due to bad planning.
Cobotron wrote:Hey! You seemed to have attracted a wild Megatronus. They're hard to find, but boy are they fun when you catch one!
Editor wrote:
I don't have a lot of investments, but I know enough to play the long game. Yes, 5 years is a long turn for profitability, but I refuse to see how this move will do anything but give their shareholders short term relief.
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