National

Walmart Canada plans to open two new stores this year

Darpan News Desk The Canadian Press, 11 Feb, 2015 10:23 AM

MISSISSAUGA, Ont. — Wal-Mart Canada says it plans to expand seven stores and open two new ones this fiscal year.

The retailer will also convert 20 of its stores into supercentres by adding a grocery section.

Wal-Mart Canada estimates the cost at $230 million, with an additional investment of $75 million to expand its distribution network and $35 million on on e-commerce initiatives.

The news comes after U.S.-based retailer Target announced it is pulling out of Canada and will be shutting down all 133 of its Canadian stores.

Target acquired the leases from retailer Zellers back in 2010 and has said it will work with an advisor to sell them.

The expansion will bring Wal-Mart Canada's store count to 396 by the end of January, 2016, consisting of 309 supercentres and 87 discount stores.

"Our mission is to provide multiple access points for customers to save money," said Wal-Mart Canada president and CEO Dirk Van den Berghe.

Prev Next

MORE National ARTICLES

Co-owner of Quebec Seniors' Residence where 32 Died Wants Inquiry into Fire

QUEBEC - The owners of a seniors' home where 32 residents died in a tragic fire are calling for a public inquiry into the disaster.

Co-owner of Quebec Seniors' Residence where 32 Died Wants Inquiry into Fire

First Nations alliance launches court challenge of B.C. Treaty process

VANCOUVER - A seven-member Okanagan Nation Alliance has launched legal action against the provincial government over the First Nations treaty process in connection to overlapping claims by neighbouring aboriginal bands.

First Nations alliance launches court challenge of B.C. Treaty process

Homicide Team Makes Arrest in one of Two Separate Deaths in Metro Vancouver

VANCOUVER - Metro Vancouver's Integrated Homicide Investigation Team says it has one person under arrest in a death in White Rock, B.C., but it's still looking for a suspect in the killing of a man in Burnaby.

Homicide Team Makes Arrest in one of Two Separate Deaths in Metro Vancouver

Co-owner of Quebec seniors' residence where 32 died wants inquiry into fire

QUEBEC - The owners of a seniors' home where 32 residents died in a tragic fire are calling for a public inquiry into the disaster.

Co-owner of Quebec seniors' residence where 32 died wants inquiry into fire

First Nations health officials to start Salmon testing after B.C. mine spill

LIKELY, B.C. - First Nations health officials are preparing to test salmon near the site of a mine tailings spill in British Columbia's Interior to determine whether the fish are safe to eat.