Target Canada returning 55 leases

Since Target's (NYSE:TGT) announcement in January that it would shutter all 133 Canadian stores, the big box retailer has been looking for buyers to takeover leases. Now Target is planning to auction off dozens of stores, with a number of landlords possibly choosing to buy back their properties from the retailer. Oxford Properties and Ivanhoe Cambridge have agreed to buy 11 of the properties, but there are 55 properties that still have no bidders. Story