Walmart Canada announced a C$6.5 billion investment to build new stores, expand its supply chain, and bolster its online and in-store offerings. The investment marks the company's largest ever in its nearly 30-year history in Canada.
Walmart says it’s spending $53 million to lift hourly wages for 40,000 of its workers across Canada , effective this month. Anne Gaviola has more on why the big box retail giant’s recent pay raise and hiring spree bucks current labour market trends – Jul 26, 2024Walmart Canada said on Thursday it is investing about C$6.5 billion to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago.
The company joins a list of other retailers, including Target, which have been making efforts to add new locations to gain more market share, following the increasing popularity of free and curbside delivery services. Walmart Canada also said it would be selling its fleet business to Canada Cartage, a provider of fleet services. The terms of this deal were not disclosed.More desserts linked to salmonella probe of mini pastries recalledBC Hydro cancels planned Super Bowl Sunday outage after businesses complain
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