National

Walmart Canada plans to open two new stores this year

Darpan News Desk The Canadian Press, 11 Feb, 2015 10:23 AM

MISSISSAUGA, Ont. — Wal-Mart Canada says it plans to expand seven stores and open two new ones this fiscal year.

The retailer will also convert 20 of its stores into supercentres by adding a grocery section.

Wal-Mart Canada estimates the cost at $230 million, with an additional investment of $75 million to expand its distribution network and $35 million on on e-commerce initiatives.

The news comes after U.S.-based retailer Target announced it is pulling out of Canada and will be shutting down all 133 of its Canadian stores.

Target acquired the leases from retailer Zellers back in 2010 and has said it will work with an advisor to sell them.

The expansion will bring Wal-Mart Canada's store count to 396 by the end of January, 2016, consisting of 309 supercentres and 87 discount stores.

"Our mission is to provide multiple access points for customers to save money," said Wal-Mart Canada president and CEO Dirk Van den Berghe.

Prev Next

MORE National ARTICLES

Educating Omar Khadr: 'Just doing what we do,' Christian university says

TORONTO — Taking in former Guantanamo Bay inmate and government-branded terrorist Omar Khadr as a student would dovetail perfectly with how King's University sees itself, the school says.

Educating Omar Khadr: 'Just doing what we do,' Christian university says

ICAO delegates suggest 15-minute real-time aircraft tracking as standard

MONTREAL — Member states of the International Civil Aviation Organization have recommended the adoption of a new standard that would see commercial aircraft tracked every 15-minutes.

ICAO delegates suggest 15-minute real-time aircraft tracking as standard

Cut down the corporate tax burden to help Canadian economy: study

OTTAWA — A new study is calling on the federal and provincial governments to cut corporate tax rates as a way to boost revenues and broaden the tax base.

Cut down the corporate tax burden to help Canadian economy: study

Near-century of tradition at end with Mounties taking over Hill security

OTTAWA — Nearly a century of parliamentary tradition is coming to an end with the RCMP poised to take control of security inside the Parliament Buildings.

Near-century of tradition at end with Mounties taking over Hill security

U.S. Congress honours Canadian-American WWII vets, real-life 'James Bonds'

WASHINGTON — A group of Canadian veterans received the United States' highest civilian award Tuesday for their role in a legendary military unit whose exploits dazzled moviegoers at home and tormented Nazis abroad.