MISSISSAUGA — There will be no "white knight" who will scoop up all 133 Target locations that will be left vacant when the American retail giant closes up shop this year.

That's the analysis from a Canadian mobile consulting firm which looked at every Target location across Canada, including the seven in Mississauga and Brampton, and mapped out the relative distance from the Target store to the current locations of potential replacement tenants.

Field Agent Canada's team determined it's unlikely that one specific company, be it Walmart, Costco, Lowe's, Canadian Tire or the large format banners of Loblaw Companies, that will take over every location.

"From our analysis is it pretty clear that there will not be a 'white knight' among current Canadian retailers who will be able to scoop up all 133 locations" said Field Agent General Manager, Jeff Doucette. "In fact, we expect that a large number of these locations will sit vacant for an extended period given the current network development of Canadian retailers. It is unclear if any foreign owned retailer not already operating in Canada would be willing or able to follow in Target's footsteps, especially with the recent negative economic news and weak Canadian dollar."

One player who could be a potential suitor for several locations is Lowe's Canada. The US-based company has a small network of just under 40 stores in Canada compared to Home Depot which has 180 locations across the country.

"Lowe's may be the retailer that has the means and the desire to pick up the largest number of former Target stores, especially non-mall locations located in suburban areas," Doucette said. "Lowe's has some good experience in operating in Canada and an existing supply chain that has been tried and tested. This could be a great opportunity for Lowe's to drive measured growth for its Canadian operation."

Neither Lowe's nor Loblaws have yet to respond to a request for comment.

GoodLife Fitness has stated it is interested in some of the spaces that will be vacated by Target Canada, as it seeks to grow the number of clubs to 400 nationally by the end of this year.

“We are on a fairly aggressive growth plan and this is a great opportunity for us to accelerate our growth plan,” said Jane Riddell, GoodLife Fitness chief operating officer.

With Target and its Canadian stores averaging around 100,000 square feet, retail developers are looking at some big gaps when these buildings go dark, Field Agent Canada says. However, Target will be keen to sell its interest in order to recuperate some of its investment in Canada.