Wednesday, January 26, 2011

Wal-Mart Canada plans 40 supercentres in next fiscal year

Wal-Mart location in MonctonImage via Wikipedia
The retail giant says it will open 40 new Canadian supercentres in its upcoming fiscal year starting Feb. 1 through both renovating and relocating some existing stores and constructing new ones.
While the location of the new stores hasn't been announced yet, the plan will expand the supercentre concept into Manitoba and Quebec, and represents a combined investment of nearly $500 million.
Supercentre locations in the greater Ottawa area include Lincoln Fields, Carleton Place, Rockland and Orleans.
Wal-Mart said the plan could create more than 9,200 jobs in stores and in the construction sector.
The retailer opened its first Canadian supercentres in Ontario in 2006.
At the end of this month it will have 325 stores, of which 124 will be supercentres.
– With files from OBJ Staff
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