Walmart Canada to spend $750 million on new, remodelled stores

Walmart Canada it plans to spend more than $750 million this year to open, relocate or remodel 73 retail stores, including former Zellers locations. The world’s biggest retailer said Tuesday the initiative will create more than 14,000 jobs when factoring in store employees, as well as trade and construction jobs. Included on the list of stores […]

Walmart Canada it plans to spend more than $750 million this year to open, relocate or remodel 73 retail stores, including former Zellers locations.

The world’s biggest retailer said Tuesday the initiative will create more than 14,000 jobs when factoring in store employees, as well as trade and construction jobs.

Included on the list of stores are 39 Zellers stores that Walmart purchased last year.

Walmart said more than half of the 73 projects will become supercentres, which offer an array of groceries as well as general merchandise. The retailer opened its first Canadian supercentres in Ontario in 2006, and has since ramped up expansion plans for the large-store concept.

The expansion comes as competition in the Canadian retail market heats up with the entry of fellow discount retailer Target next year.

The company plans to open 125 to 135 stores.

Target has purchased the leasehold interests of 189 sites currently operated by Zellers Inc. and it says about $10 million to $11 million will be invested to remodel each facility.

Walmart operates 333 stores in Canada, which includes 164 supercentres.

Brands Articles

Diageo’s ‘Crown on the House’ brings tasting home

After Johnnie Walker success, Crown Royal gets in-home mentorship

Survey says Starbucks has best holiday cup

Consumers take sides on another front of Canada's coffee war

KitchenAid embraces social for breast cancer campaign

Annual charitable campaign taps influencers and the social web for the first time

Heart & Stroke proclaims a big change

New campaign unveils first brand renovation in 60 years

Best Buy makes you feel like a kid again

The Union-built holiday campaign drops the product shots

Volkswagen bets on tech in crisis recovery

Execs want battery-powered cars, ride-sharing to 'fundamentally change' automaker

Simple strategies for analytics success

Heeding the 80-20 rule, metrics that matter and changing customer behaviors

Why IKEA is playing it up downstairs

Inside the retailer's Market Hall strategy to make more Canadians fans of its designs

Metrolinx launches public education campaign

New campaign from Grey intends to drive awareness of approximately 500 projects