Wal-Mart To Invest $340 Million In Canada
by February 11, 2015 10:48 pm 89 views
Walmart Canada announced Wednesday that it will spend $340 million as it builds 29 supercenter projects during the next year.
The Bentonville-based retail giant’s Canadian arm also said it will expand its distribution network this year to support its food and e-commerce growth in Canada, and will continue to expand and enhance its e-commerce website, walmart.ca.
The combined expansion is expected to generate approximately 3,700 construction jobs, 1,000 store jobs and 300 distribution center jobs across Canada over the next year.
“Our mission is to provide multiple access points for customers to save money,” said Dirk Van den Berghe, President and CEO of Walmart Canada. “We will deliver on this commitment through a range of channels including our expanding network of supercenters, our accelerating e-commerce business, and our in-store pick up services.”
The expansion will bring Walmart Canada’s store count to 396 by the end of January, 2016, consisting of 309 supercenters and 87 discount stores.
Wal-Mart is poised for strong growth in Canada with the exit of rival Target Stores from the region.