Tuesday February 4th, 2014 - 8:14AM
In the aftermath of Target’s entry into Canada and cutbacks at Sam’s Club in the United States, Wal-Mart Stores Inc.’s Canadian division has announced that it plans to develop 35 supercenter projects in the company's fiscal year that began February 1, 2014. Walmart Canada also will expand its distribution network to support the growth of stores and walmart.ca, it stated.
The projects will represent a combined investment of close to C$500 million over next year including, in addition to new supercenters, the expansion, remodeling and relocation of existing stores. The company pointed out that it would divide the investment into C$376 million for store projects, C$91 million for distribution network projects to grow Walmart Canada's fresh food capability, and C$31 million for E-commerce projects. The company added that it expects the combined expansion to generate more than 7,500 jobs over the next year, including construction jobs.
"Customers in every region of Canada are looking to save money on their entire list of shopping needs," said Shelley Broader, Walmart Canada's president and CEO. "Delivering on our commitment to help lower the cost of living is our top priority, and our growing network of supercenters and our expanding walmart.ca offering enable us to do just that."
Walmart noted that it would announce locations for specific store and distribution center projects as specific projects become finalized. With the new stores, Walmart Canada's store count will rise to 395 by the end of January 2015, and include 282 supercenters and 113 discount stores.