Walmart Canada to invest more than $4 billion to expand stores, supply chain

(Reuts) – Walmart Canada is $ 6.5 billion ($ 4.5 billion) to build new stores and expand its supply network, indicating its largest investment almost 30 years ago.

The Canadian branch of the US retailer Walmart, which plans to expand its trace, added that it will build dozens of new shops, from the five new superputs of Ontario and Alberta.

The retailer plans to invest in modernizing its distribution centers.

“We are making strategic investments in our online and store proposals to make more convenient for more customers than ever,” said Joe Schrauder.

Walmart Canada currently has more than 400 stores and more than 100,000 employees.

This step is followed by Walmart’s decision to open 150 new shops in the United States.

The company joins the list of other retailers, including the target, which makes it efforts to add new places to a more market share after the growing popularity of the front.

Walmart Canada also said that it will sell its navy business to Canada Cattage, Navy Services. The terms of this transaction were not revealed.

The company also raised her time retail and front-line partners last year.

($ 1 = 1.4417 Canadian Dollars)

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