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Walmart Canada to Make Landmark Investment

Walmart Canada is ramping up its plans to accelerate store growth across the country. It’s also selling its fleet business.

The retailer announced a “landmark” US $4.51bn investment over the next five years that includes building dozens of new stores, beginning with five supercentres in Ontario and Alberta that will open by 2027. The new stores include a location Port Credit, an area in Mississauga, Ontario, that will open in spring 2025 and one at Hopedale Mall, Oakville, Ontario that will open in late 2025.

Three new supercentres in Alberta are expected to open by 2027, with locations in Calgary, Edmonton and Fort McMurray.

“Walmart Canada is on an ambitious growth journey to serve even more Canadians – better and differently than ever before,” said Gui Loureiro, Regional CEO, Walmart Canada, Chile, Mexico and Central America. “This $6.5bn investment is the largest we’ve made in Canada towards expanding our footprint since we first arrived here 30 years ago.”

In addition, Walmart Canada’s most advanced distribution centre facility will open in spring 2025, in Vaughan, a city in Ontario. The retailer is also investing in modernising its distribution centres.

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