Canada: Walmart invests in stores and supply chain

Supermarket chain Walmart has just announced the investment of C$6.5 billion ($4.5 million) over the next five years to boost growth in Canada.

In a press release, the firm said it planned to build dozens of stores all over Canada and five new supercentres in Ontario and Alberta by 2027.

A Port Credit Walmart Supercentre is expected to open in the summer, followed by an Oakville Walmart Supercentre later in the year. Meanwhile three new Alberta Supercentres are expected to open in Calgary, Edmonton and Fort McMurray by 2027.

A distribution centre in Vaughan is also planned to open this spring.

Gui Loureiro, regional CEO, Walmart Canada, Chile, Mexico and Central America, commented: “Walmart Canada is on an ambitious growth journey to serve even more Canadians – better and differently than ever before. This $6.5 billion investment is the largest we’ve made in Canada towards expanding our footprint since we first arrived here 30 years ago”.

Walmart also announced avpartnership agreement with Canada Cartage, the country’s largest fleet services’ provider.

Source: Walmart Canada