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Walmart Canada to invest $6.5 billion in store and supply chain expansion

Published 30/01/2025, 15:14
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Investing.com -- Walmart (NYSE:WMT) Canada has revealed plans to invest $6.5 billion in its store and supply chain infrastructure. The investment includes the construction of new stores across the country, with an initial focus on five new supercenters in Ontario and Alberta by 2027.

The company also announced the opening of a new distribution center in Vaughan, which is set to be operational by Spring 2025. This development forms part of Walmart Canada’s broader strategy to enhance its supply chain footprint.

In addition to infrastructure expansion, the company has entered into an agreement with Canada Cartage to purchase Walmart Canada’s fleet business. The specifics of this deal, including the financial terms, were not disclosed in the announcement.

The $6.5 billion investment underscores Walmart Canada’s commitment to expanding its operations and enhancing its service offerings across the country. The investment will not only result in the creation of new stores but also in the strengthening of the company’s supply chain capabilities.

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