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Wal-Mart Canada plans to open 40 supercentres
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CTV.ca News Staff
Date: Wed. Jan. 26 2011 3:51 PM ET
Wal-Mart Canada is about to expand its already considerable footprint in this country, with the addition of 40 new supercentres.
The massive retail outlets offer both groceries and the general merchandise Wal-Mart has become known for, ranging from tires to tools and clothing.
The new stores will be created through a combination of renovations of existing stores, relocations and the construction of new stores.
The $500-million investment will see the supercentres expand into Manitoba and Quebec, though no other details have been released about where the news stores will be located.
It comes on the heels of an announcement from U.S. discount retailer Target earlier this month that it is purchasing 220 Zellers stores from the Hudson's Bay Company and will eventually open 100 to 150 Target stores in Canada.
BNN's Michael Kane said the strong investor interest indicates the Canadian economy is starting to get noticed by outside investors.
And unlike other companies such as home improvement retailer Lowe's, which first tested the Canadian waters by opening one store, Wal-Mart and Target are jumping in with both feet.
"With this announcement that they're going to open 40 new supercentres, we're getting a retail turf war being played out between Wal-Mart and Target," Kane said.
"So obviously the Canadian economy being in relatively good shape is relatively attractive for these big American companies and we believe that's why they're expanding into this country."
Wal-Mart opened its first supercentre in Ontario in 2006.
At the end of February the company will have 325 stores in Canada -- 124 of which will be supercentres.
Wal-Mart said the expansion could result in as many as 9,200 jobs in retail and construction.
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Jamie D
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renaldo
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bert
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JB in Ontario
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Wayne
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evette victoria bc
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Reener
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Fantastic customer service, something Wal Mart seriously lacks.
Ronald
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Debbie - Calgary
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The more discount retailers that get into the market, the more the market is flooded with cheap junk from China, Taiwan, etc. This then leads to recalls.
And before Mr. Pye jumps on me too, I am from a higher class in Calgary, and shop at places like Superstore (Loblaws to you easterners) and places that offer the best price. I do draw the line at paying less for junk. Unfortunately, the less fortunate don't always have the choice on what they can buy, it all comes down to price.
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When Canadian Tire & Coop challenge by consumer of prices, they match or lower some of their primitive items
I don't even bother to check & match in 2011 for items with Wal-Mart anymore as, they are more expensive
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Huh?!!?
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Walmart out of reach
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We in the states in smaller town see Wal-mart super centers as Killers of small bussiness. Wal-mart has been known to pull some shady bussiness pratices. Any community that has a super Wal-mart coming should really and i mean really understand the ramifications of Wal-mart coming to any of your towns.
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