Walmart Canada to Invest $450 Million in New Stores, DCs in New Fiscal Year

MISSISSAUGA, Ontario-Walmart Canada will plow $450 million into new projects involving supercenters and distribution centers during its upcoming fiscal year, which begins on Feb. 1 and ends on Jan. 31, 2014.

The retailer's plan calls for the building of new stores; the expansion, remodeling or relocation of existing stores; and the expansion of its distribution network. A Walmart Canada statement said it plans to finish at least 37 supercenter projects and an unspecified number of distribution center projects during the next fiscal year.

These projects will increase Walmart Canada's store count from 379 on Jan. 31 of this year to 388 by the end of January 2014. Shelley Broader, Walmart Canada president and CEO, said the retailer is "truly delighted" to be adding full grocery sections to more locations across the country.

Over the past few years, Walmart Canada has conducted from 35 to 40 supercenter projects. The year ending saw the addition 73 supercenter projects, which included 39 former Zellers locations for which Walmart Canada acquired the leasehold rights from Target Canada in June 2011.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money