DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Walmart Canada To Spend C$3.5bn On E-Commerce Push, Store Renovations

By Dayeeta Das
Share this article
Walmart Canada To Spend C$3.5bn On E-Commerce Push, Store Renovations

Walmart Canada has announced plans to spend C$3.5 billion (€2.26 billion) over the next five years to strengthen its e-commerce business, as the COVID-19 pandemic prompts a large-scale shift to online shopping.

The Canadian arm of the world's largest retailer also said it would renovate over 150 stores, more than a third of its network, to add more equipment such as shelf scanners, robots and more convenient self check-out options.

'Surge In Online Demand'

Walmart, like many other grocery retailers, has seen a surge in online demand as consumers limit trips outside their homes. The company's online business grew 74% in the first quarter ended 30 April.

As part of the investment, Walmart also said it would spend C$1.1 billion (€710 million) on building two new distribution centres and promised to create hundreds of construction and supply chain jobs across Canada.

Walmart Canada added that it would expand in-store pick-up to about 270 stores – or 70% of locations – by end of 2020.

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

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.