By
Reuters
Printed
January 31, 2025
Walmart Canada stated on Thursday it’s investing about C$6.5 billion ($4.51 billion) to construct new shops and increase its provide chain, marking its largest ever funding since opening its first retailer practically 30 years in the past.
Reuters
U.S. retail big Walmart’s Canadian department, which plans to increase its footprint, added it will be constructing dozens of latest shops beginning with 5 new supercenters in Ontario and Alberta by 2027.
The retailer additionally plans to spend money on modernizing its distribution facilities.
“Across the country, we’re making strategic investments in our online and in-store offerings to be more relevant to more customers than ever before,” stated Joe Schrauder, Walmart Canada’s chief operations officer.
Walmart Canada at present has over 400 shops and greater than 100,000 employees within the nation. The transfer follows Walmart’s determination to open 150 new shops in the USA.
The corporate joins a listing of different retailers, together with Goal, opens new tab, which have been making efforts to add new areas to achieve extra market share, following the growing recognition of free and curbside supply providers.
Walmart Canada additionally stated it will be promoting its fleet enterprise to Canada Cartage, a supplier of fleet providers. The phrases of this deal weren’t disclosed.
The corporate additionally raised wages for its hourly retail and frontline associates in Canada final 12 months.
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