Description: Target began its liquidation of inventory in its Canadian stores this past week. And it seems that in some respects the retailer which disappointed Canadians is continuing to disappoint in its exit from the country. Empty shelves and slim discounts were on the minds of shoppers. One shopper told the Globe and Mail that she had checked out some bedding at Target the previous week and found when she returned for the liquidation that the price was higher.

Source: Globe and Mail.com

Date:  February 5, 2015

Link: http://www.theglobeandmail.com/report-on-business/hardy-shoppers-brave-predawn-cold-line-up-for-target-liquidation-sales/article22799238/

Discussion Points:

1) Did you or any of your friends and family shop at the Target liquidation sale? What was the experience like?

2) What accounting consideration comes to mind when you hear the words “liquidation sale”?

3) If you were involved in preparing the MD&A for Target’s annual report, what might you say with respect to Target’s experience in Canada?