Walmart Canada To Invest About $3.8 Billion Over Five Years

On Thursday, Walmart Inc (NYSE:WMT) Canada announced a substantial investment plan, committing C$6.5 billion ($3.88 billion) to its operations over the next five years.

The objective is to broaden its presence and improve service offerings throughout Canada. The funding will facilitate the development of new Supercentres, upgraded distribution centers, and technological advancements designed to enhance the customer shopping experience and optimize Walmart's operations in the country.

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The C$6.5 billion investment plan includes the launch of five new Supercentres by 2027. Walmart will begin by establishing locations in Ontario and Alberta, with prominent stores in Mississauga and Oakville.

The Port Credit Supercentre is set to open in the summer of 2025, strategically positioned to ...

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