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Old 01-22-2016, 10:02 AM   #360
Hack&Lube
Atomic Nerd
 
Join Date: Jul 2004
Location: Calgary
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I wonder if Target made any attempt to re-negotiate their leases? They had a pretty big stick and could have told the landlords "if you don't reduce our rate, we won't be profitable until 2021 and we are going to exit and leave millions of square feet and empty anchors hanging".

Almost all those locations are still empty today and there's no indication there are any Canadian retailers ready to fill up those spaces given that we are going into a downturn.
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