Wal-Mart planning $500M expansion in Canada
Discount retailer will build 35 supercentres
Wal-Mart plans to complete 35 Canadian supercentre projects as part of nearly $500 million in planned investments over the next year.
The U.S. discount retailer says it will invest more than $376 million to build, expand, relocate or remodel its stores.
It will also spend $31 million on e-commerce projects and $91 million to enhance its distribution network to handle more fresh food.
Details on locations for specific store and distribution centres will be announced as they become finalized.
Wal-Mart Canada says its initiatives will generate about 7,500 jobs over the next year, including construction work.
The company currently has 389 stores in Canada, including 247 supercentres that carry a combination of groceries, apparel and household goods.
It expects to have a total of 395 stores by the end of January 2015, with 282 super centres and 113 discount stores.