Walmart Canada announced that it plans to complete 35 supercentre projects in the company’s fiscal year which runs from February 1, 2014 to January 31, 2015. The company also announced it will expand its distribution network to support its growth and will continue to expand its e-commerce operation.
-Retailer to invest close to $500 million for supercentre, distribution network, and e-commerce projects
-Projects will create more than 7,500 new store, distribution network, construction, and e-commerce jobs
-35 supercentre projects will add one million square feet of retail space
The projects will represent a combined investment of close to $500 million in the Canadian economy over the next year and will include the construction of new stores as well as the expansion, remodeling and relocation of existing stores.
The investments will include more than $376 million for store projects, $91 million for distribution network projects to grow Walmart Canada’s fresh food capability, and $31 million for e-commerce projects. The combined expansion is expected 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 supercentres and our expanding walmart.ca offering enable us to do just that.”
Walmart Canada’s supercentres provide an unparalleled one-stop shopping experience. Each store carries more than 100,000 products ranging from groceries to apparel, home decor and electronics as well as specialty services such as pharmacies, garden centres and vision centres.