Walmart Canada announced a $6.5 billion investment over the next five years, focusing on opening new stores and expanding its supply chain. This marks the largest investment since Walmart entered Canada 30 years ago. The retailer will open new locations in Ontario and Alberta, including Port Credit, Oakville, Edmonton, Fort McMurray, and Calgary. Additionally, a new distribution centre in Vaughan, Ontario, is slated to launch in 2025. Walmart Canada also revealed that Canada Cartage will acquire its fleet service, responsible for transporting products from suppliers and distribution centres to stores.
Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores . Walmart Canada said on Thursday it is investing about $6.5 billion to build new stores and expand its supply chain . Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores .
It says new stores in Port Credit and Oakville, Ont., will open later this year, while a distribution centre in Vaughan, Ont., is also expected to launch in 2025. Three new stores — Edmonton, Fort McMurray and Calgary — are due to open by 2027. Walmart Canada spokeswoman Sarah Kennedy wouldn't say what the value of the deal is, its structure or expected closing date.
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