Walmart Canada to invest more than $ 4 billion to expand stores, supply chain

(Reuters) – Walmart Canada said on Thursday that it invests about 6.5 billion Canadian dollars ($ 4.51 billion) to build new stores and expand its supply chain, which represents the largest investment ever since the opening of its first store about 30 years ago.

The American retail branch of Wal -Mart Mart, who is planning to expand its mark, added that he would build dozens of new stores that start with five new careers in Ontario and Alberta by 2027.

The retail seller also plans to invest in updating its distribution centers.

“All over the country, we are making strategic investments in our online offers and the store to be more related to customers more than ever,” said Joe Sharauder, the chief operational official in Wall Mart Canada.

Walmart Canada currently has more than 400 stores and more than 100,000 workers in the country.

This step follows Walmart’s decision to open 150 new stores in the United States.

The company joins a list of other retailers, including Target, which is making efforts to add new sites to gain more market share, after increasing the popularity of free delivery and sidewalk services.

Walmart Canada also said that she will sell her fleet business to Canada Cartage, a fleet services provider. The conditions of this deal were not revealed.

The company also raised the retail trade and Frontline Associats every hour in Canada last year.

($ 1 = 1.4417 Canadian dollars)

(Join Nuja Bharat Motri in Bangaluru and Sidhart Caval in New York; Edit by Sherra Bisas)