Walmart Canada plans C$6.5 billion expansion nationwide
Walmart Canada plans C$6.5 billion expansion nationwide

Walmart Canada plans C$6.5 billion expansion nationwide

News summary

Walmart Canada has announced a significant investment of C$6.5 billion ($4.5 billion) aimed at expanding its store network and enhancing its supply chain, marking its largest financial commitment since entering the Canadian market nearly 30 years ago. The plan includes the construction of new supercenters in Ontario and Alberta, with five locations scheduled to open by 2027, as well as modernization of distribution centers to improve operational efficiency. Alongside this expansion, Walmart Canada will sell its fleet service to Canada Cartage, though details of the deal remain undisclosed. The investment reflects a broader trend among major retailers to enhance their market presence amid rising demand for convenient shopping experiences. Additionally, Walmart Canada has previously raised wages for its hourly and frontline employees, emphasizing its commitment to workforce welfare. This strategic move aligns with Walmart's global expansion efforts, including plans to open 150 new stores in the United States.

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Last Updated
78 days ago
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