Subscribe Register Login

Wednesday, October 01, 2014, 7:13 a.m.
Top Picks - Arkansas Daily Deal

Wal-Mart spends $453 million in Canada amid Target competition

By Bloomberg News

This article was originally published January 22, 2013 at 7:37 a.m. Updated January 22, 2013 at 8:01 a.m.

Wal-Mart Stores Inc., the world’s largest retailer, said its Canadian division plans to spend at least $453 million building new outlets and renovating existing stores.

The unit will complete at least 37 superstores in the year through January 2014, and will increase its distribution network, the Bentonville-based company said Tuesday in an online statement.

Wal-Mart is bolstering its presence in Canada and working to attract and retain customers as Target expands outside the U.S. for the first time. Walmart Canada expects to end the month with 379 locations, including 209 superstores, while Target plans to open 125 sites in Canada this year.

Full grocery sections will be added to more locations across Canada, Shelley Broader, chief executive officer of Walmart Canada, said in the statement. The company also will introduce its supercenter format to locations in Canada’s Maritimes provinces this year.

Comments on: Wal-Mart spends $453 million in Canada amid Target competition

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Glass construction

    glass construction workers. $10-15/hr starting pay DOE. 1 yr...
    LITTLE ROCK, AR

  • Librarian: info. ser

    Information Services Department ManagerMain Library in Littl...
    LITTLE ROCK, AR

  • Sales

    Do you like to talk to strangers? Are you the life of the pa...
    Little Rock, AR

  • Medical assistant

    medical assistant with Pediatric experience preferred. New g...
    LITTLE ROCK, AR

  • Computers

    Acxiom Corp.- Conway•Solutions Developer(#34141, #34142, #34...
    CONWAY, AR

Search 944 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online