CORNWALL – A city official says Target’s announced closure is pretty fresh but their first thoughts are to the roughly 350 people working at its distribution center in Cornwall.
Target announced Thursday morning it’s applied for bankruptcy protection and is making an orderly exit from Canada after the retailer struggled to make a retail foothold north of the border.
“The first thing that comes to mind is the people that work here. Obviously, it’s very unfortunate for all of Canada but we think first about the employees here and the effect it has on Cornwall,” said Economic Development Manager Mark Boileau.
Eleven Points Logistics is the third-party operator of the 1.4 million square foot Target distribution center (DC) on Industrial Park Drive in the city’s business park.
“It’s very early in terms of providing any information because I’ve haven’t had a chance to speak with Eleven Points nor with Target,” Boileau said.
The DC employs roughly 350 people plus the site is owned by Target, which would likely be sold through an adviser.
“We might assist with that. We get inquiries for space all the time. This is a very unique building though. You don’t get many inquiries…there’s not a large market for a building this size but there is a market. There are some competitors in the retail business who may be interested in a building like that,” Boileau said.
“I think we all had heard they were having some challenges last year and I think they were really hoping for the Christmas season and were going focus on a few areas in the retail business and try to strengthen their business in Canada,” he said.