Gordon Bros., Hilco and Great American Group begin closing sales at Target Canada

Boston -- Three of the nation’s largest asset disposition companies were the successful bidders in the race to liquidate inventory at Target’s 133 Canadian locations.



Gordon Brothers Group, Hilco Global (through its Canadian division Merchant Retail Solutions) and affiliates of Great American Group secured approval from Target Canada and an order from a Canadian court to manage the store closing process for Target’s 133 Canadian locations, with store closing beginning February 5, 2015.



"The appointment of Gordon Brothers Group, Hilco Global and Great American Group is an important step in Target Canada's pursuit of a fair and orderly wind down under the CCAA (Companies' Creditors Arrangement Act) process. Our team members have been working incredibly hard to prepare and our guests are eagerly awaiting the upcoming sales," said Aaron Alt, CEO of Target Canada.



In addition to merchandise, Target is offering other retailers the opportunity to capitalize on its ill-fated decision to enter the market by selling select fixtures, furnishings and equipment in the stores and distribution centers.



"This is a tremendous opportunity for consumers to take advantage of truly compelling discounts on a spectacular assortment of products,” an unidentified spokesperson for the joint venture. “We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores.”