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Walmart Canada To Invest Over C$500m On Store Upgrades

Published on Mar 16 2021 9:59 AM in Retail tagged: Walmart / Investment / Canada / Store Upgrade

Walmart Canada To Invest Over C$500m On Store Upgrades

Walmart Canada has announced plans to invest more than C$500 million (€335.8 million) this year to refurbish its stores.

It would be the largest yearly investment in store upgrades, with more than 60% of outlets benefiting from the plan, the Canadian arm of the world's largest retailer said.

In July, Walmart Canada announced plans to spend C$3.5 billion over the next five years to strengthen its e-commerce business and renovate stores.

Walmart Canada said the plan is expected to create more than 2,000 construction jobs in the country.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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