Home Business Walmart Canada’s £6.5B Investment Plan Includes New Supercentres in Ontario and Alberta

Walmart Canada’s £6.5B Investment Plan Includes New Supercentres in Ontario and Alberta

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Walmart Canada announced on Thursday that it is investing approximately C$6.5 billion (£4.51 billion) to build new stores and expand its supply chain, marking its largest investment since opening its first store nearly 30 years ago.

The Canadian arm of the US retail giant, which aims to expand its presence, revealed plans to construct dozens of new stores, beginning with five new supercentres in Ontario and Alberta by 2027. The company will also invest in modernising its distribution centres.

“We are making strategic investments across the country in both our online and in-store services to become more relevant to more customers than ever before,” said Joe Schrauder, Walmart Canada’s Chief Operations Officer.

Walmart Canada currently operates over 400 stores and employs more than 100,000 people nationwide. This expansion follows Walmart’s recent decision to open 150 new stores in the United States.

The retailer joins a growing list of competitors, including Target, that are opening new locations to capture a larger share of the market, particularly as demand for free and curbside delivery services continues to rise.

Additionally, Walmart Canada announced plans to sell its fleet business to Canada Cartage, a leading provider of fleet services. The terms of the deal were not disclosed. The company also increased wages for its hourly retail and frontline staff in Canada last year.

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