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

Cineplex asks: Will lightning hit world’s biggest popcorn bag?

Promotion in Windsor builds on #WeatherOrNot campaign

3D printed origami birds burst out of Kubo shelter ad

Isobar, Astral drive bus passengers' attention to eOne movie poster

On The Move: Hires at Twitter Canada, Initiative, The Idea Suite

A weekly update of who's headed where in Canadian marketing and communications

ASC to crack down on paid social media endorsements

New guidelines for endorsers and influencers to come into effect next year

McCain takes to Twitter to dispel Pizza Pocket rumours

Company says popular food brand is undergoing a refresh, not being discontinued

How to be taken seriously as a young agency founder

Dash agency's Christian Lunny on persuading waffling clients

Hermès gives an inside look at craftsmanship

Global exhibition allows consumers to see French artisans at work

Tim Hortons names new president

Sami Siddiqui is promoted from head of finance to president at the coffee shop chain

Sears unveils revamped logo

Developed in-house, it is part of the company's ongoing 'strategic reinvention'