Target Canada

Target stores: In total, Rio Can 26 former Target Canada stores make up 1.9 per cent of its total annual rental revenue, according to CBC. If Rio Can is able to backfill the stores, that will reduce how much money it will seek from Target for lost rental revenue under the terms of a guarantee from the U.S. company, which closed all 133 Canadian Target stores during the first quarter. RioCan says the space at the 15 former Target Canada stores represented about $8.6 million of annual revenue. Auction of leases An additional 11 former Target Canada locations in Rio Can property portfolio remain part of the retailer court-supervised windup. Canadian retailers have been struggling lately, as more shoppers flock to online outlets such as Amazon and eBay. An auction of the dozens of Target Canada leases is scheduled to be held this week in Toronto. (news.financializer.com). As reported in the news.