Walmart Canada to spend $6.5B over five years on new stores, sells fleet business
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 30/01/2025 (309 days ago), so information in it may no longer be current.
TORONTO – Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores.
The retailer says the investment is the largest it has made since it entered Canada 30 years ago, but wouldn’t say exactly how many locations it will span.
It says new stores in Port Credit and Oakville, Ont., will open later this year, while a distribution centre in Vaughan, Ont., is also expected to launch in 2025. Three new stores Calgary, Edmonton and Fort McMurray, Alta., are due to open by 2027.
The news came as Walmart Canada also said Canada Cartage would purchase the retail giant’s fleet service, which was responsible for getting products from suppliers and distribution centres to stores.
Walmart Canada spokeswoman Sarah Kennedy wouldn’t say what the value of the deal is, its structure or expected closing date.
She says third-party carriers already handle about half of the retailer’s transactions involving fleet services.
She says no staff employed by the company’s fleet service would be laid off as part of the sale because Canada Cartage will take on the workers, when the deal closes.
This report by The Canadian Press was first published Jan. 30, 2025.