Two weeks ago, Wal-Mart announced plans to boost domestic spending and growth. Today, the Bentonville-based retail giant said it plans to add 37 supercenters and will expand its distribution network in Canada.
The plans amount to an investment of about $450 million, the company said. It will include construction of new stores, expansion and remodelling of existing stores, and possible relocations of outlets.
“Our associates across the country have done an incredible job this past year serving our customers and opening a record number of new stores and supercentres,” said Shelley Broader, president and CEO of Walmart Canada. “This year, we are ramping up our focus on lowering prices and helping customers lower their cost of living, as we continue to bring our supercentre format to more Canadians.”
The locations for specific store and distribution center projects will be announced as the details for each project are finalized.
As of January 31, 2013, Walmart Canada will have 379 stores, including 209 supercenters.
Today’s announcement is expected to bring the company’s store count to 388 by the end of January, 2014.