Wal-Mart Canada launches C$750 million expansion project
Michael J. Knell -- Furniture Today, February 10, 2012
MISSISSAUGA, Ontario — Wal-Mart Canada has announced it will spend some C$750 million over the next 12 months on about 73 projects across Canada that will result in the addition of some 4.6 million square feet of retail space.
In a statement, the big box discounter said it will build new stores and expand, remodel and relocate a number of existing stores.
Included in the 73 projects are the 39 former Zellers stores that Wal-Mart acquired in June from the Hudson's Bay Company. All will reopen as Wal-Mart stores during its current fiscal year, which ends Jan. 31, 2013.
The company also said more than half of these projects will be part of its supercenter program while the balance will be discount stores. Wal-Mart supercenters offer groceries in addition to the company's general merchandise program, which includes promotionally priced furniture.
"This is an exciting year for Wal-Mart Canada," company President and CEO Shelley Broader said in a statement. "We are proud of our 18-year record of growth, and of the investment we make in the Canadian economy. As the country's fastest growing retailer, every year we create thousands of new jobs, spend billions of dollars with Canadian suppliers, and invest millions in Canadian communities."
At the end of its 2011 fiscal year, Wal-Mart Canada operated 333 stores, including 164 supercenters. A year from now, the store count is expected to top 375.
-
HOM Furniture expanding store in Sioux City, Iowa
Mar 12, 2012 -
Boston Interiors opens first store in mixed-use mall
Feb 20, 2012 -
El Dorado to expand Pembroke Pines, Fla., store
Nov 28, 2011 -
City Furniture to invest $17.5 million in expansion
Oct 18, 2011
Merinos Home Furnishings opening display room, Boyles addition
‘Mega vessels' likely to boost capacity, stabilize freight rates
HOM Furniture adds flooring to six Twin Cities stores
Dan Masters joins Furniture Brands as VP, business development
21 companies from Turkey, Taiwan and China to exhibit at Showtime
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
VIEW ALL GALLERIES
