Wal-Mart unveils plans to open up to 14 supercentres in 2007
Last Updated: Tuesday, November 7, 2006 | 8:45 PM ET
CBC News
Related
Video
- Beatrice Stucki reports for CBC-TV (Runs: 2:23)
play: quicktime »
play: real »
play: real »
Discount department store Wal-Mart said Tuesday it plans to open as many as 14 more supercentres in Canada in 2007, adding to the three scheduled to open this week.
Mario Pilozzi, president and chief executive officer of Wal-Mart Canada, said the company will invest between $15 and $20 million in each store. Pilozzi declined to say where the stores will be located, since municipal approvals are still being considered.
Wal-Mart will officially open its first three Ontario supercentres in Ancaster, London and Stouffville on Wednesday. The supercentres, which are about 30 per cent larger than a normal Wal-Mart, will carry traditional home and family merchandise along with an extensive line of groceries including natural and organic products.
"Groceries are a golden opportunity for Wal-Mart to put money back in our customers' pockets," Pilozzi said in a release.
The new stores will stock about 120,000 products compared to the 80,000 carried in traditional Wal-Marts.
Canadian grocers have been diversifying their product lines in anticipation of the launch of the Wal-Mart supercentres but retail analysts have been making grim forecasts.
"How much of a bloodbath Loblaws, Sobeys … can afford nobody knows," retail analyst Richard Talbot told CBC News last month.
With files from the Canadian PressShare Tools
Top News Headlines
- Montreal protesters march in peaceful defiance
- The clanging of pots and pans sounded throughout Montreal's downtown core Saturday night and into early Sunday morning, as thousands of protesters marched on in peaceful — but loud — defiance of Bill 78. more »
- Quebec tornadoes cause millions in damage
- Environment Canada confirms that two tornadoes — one of which was classed as a moderate F-1 packing winds of up to 150 km/h — touched down near Montreal Friday night, causing millions of dollars in damage. more »
- Teen struck by lightning in Ottawa dies
- The victim of a Friday lightning strike during a storm in east Ottawa has died, CBC News has learned. more »
- Missing Winnipeg children found in Mexico
- Two Winnipeg children reported missing and possibly in Mexico have been found alive, according to unofficial reports from an agency that works to find missing people. more »
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Quebec tornadoes cause millions in damage
- Woman's remains found in hockey bag on Cape Breton river
- Montreal protesters march in peaceful defiance
- Pope's butler arrested in Vatican leaks scandal
- Everest team unable to bring down Toronto woman's body
- WWE apologizes to Brazil over Canadian's flag stomp
- What a Greek euro exit could mean for Canada
