Walmart Buying 13 Target Stores in Canada
by May 8, 2015 11:58 am 107 views
Wal-Mart Stores Inc. is expanding its operations in Canada.
The company announced Friday it is acquiring 13 former Target stores and one distribution center.
The Bentonville company will spend about $290 million to buy and renovate the properties. The world’s largest retailer already operates 395 stores in Canada, making it one of its largest international markets.
“Walmart is committed to the Canadian market, and this agreement helps us accelerate our growth plans ensuring more Canadians have access to our low prices,” Dirk Van den Berghe, president and CEO of Walmart Canada, said in a news release.