Retailer to invest more than $750 million in Canadian economy, create
more than 14,000 new store, trade and construction jobs
MISSISSAUGA, ON, Feb. 7, 2012 /CNW/ - Today Walmart Canada confirmed
that it plans to complete at least 73 projects in the company's current
fiscal year, which runs from February 1, 2012 to January 31, 2013. This
represents a record year for Walmart Canada, which will add 4.6 million
square feet of retail space to its operations in the next 12 months.
The 73 projects will include building new stores and expanding,
remodelling or relocating existing stores. Included in these projects
are most of the 39 former Zellers stores for which Walmart Canada
purchased leasehold rights in June 2011 and which will reopen as
Walmarts in this fiscal year.
These 73 projects will represent an investment of more than $750 million
in Canadian communities and are expected to generate more than 14,000
store, trade and construction jobs.
Walmart also confirmed today that more than half of these projects will
be part of the company's supercentre program while the remaining
projects will be discount stores. Walmart's supercentres provide a full
range of groceries and general merchandise under one roof. While
Walmart has confirmed the locations of the 39 former Zellers stores, it
will confirm the locations of the remaining projects over the coming
weeks and months.
Commenting on today's announcement, Shelley Broader, President and CEO
of Walmart Canada, said: "This is an exciting year for Walmart Canada.
We are proud of our 18-year record of growth, and of the investment we
make in the Canadian economy. As the country's fastest growing
retailer, every year we create thousands of new jobs, spend billions of
dollars with Canadian suppliers, and invest millions in Canadian
As of January 31, Walmart Canada had 333 stores, including 164
Supercentres. Today's announcement is expected to bring the company's
store count to over 375 stores by the end of January, 2013. Walmart
Canada also sells a wide range of merchandise on its e-commerce site www.walmart.ca.
Established in 1994 and headquartered in Mississauga Ontario, Walmart
Canada operates 333 stores and serves more than 1 million customers
each day. Walmart is one of Canada's largest employers with more than
85,000 associates, and is recognized by Waterstone Human Capital as
having one of Canada's top 10 corporate cultures. Since 1994, Walmart
has raised and donated more than $150 million to Canadian charities and
SOURCE WAL-MART CANADA CORP.
For further information:
Susan Schutta, Director of Corporate Affairs, Walmart Canada at 905-821-2111, x78012
Carol Schumacher, Vice President of Investor Relations, Wal-Mart Stores, Inc., at 479-277-1498