Mississauga, Ontario – Walmart Canada announced it will invest $6.5 billion over the next five year to boost it growth in Canada.
Currently operating more than 400 stores in the country, Walmart Canada will build dozens of new stores beginning with five new supercenter format locations in Ontario and Alberta by 2027.
The company will open two supercenters in 2025 along with an advanced distribution center.
“This $6.5 billion investment is the largest we’ve made in Canada towards expanding our footprint since we first arrived here 30 years ago,” said Gui Loureiro, regional CEO, Walmart Canada, Chile, Mexico and Central America.
The announcement comes at a moment of transition. Gonzalo Gebara is currently wrapping up his final weeks as president & CEO of Walmart Canada and will return to Argentina, Loureiro noted.
In addition, Walmart Canada is now closing the $3.5 billion investment in Canada it kicked off in 2020. Under that funding, the division modernized more than 180 stores, opened four stores, relocated two stores and invested more than $800 million in distribution centers in the country.
This week, the retailer also announced an agreement with Canada Cartage – the country’s largest provider of fleet services – to buy Walmart Canada’s fleet business.
“Across the country we’re making strategic investments in our online and in-store offerings to be more relevant to more customers than ever before. From newcomers and urbanites to higher-income Canadians, more customers are choosing Walmart for their shopping needs,” said Joe Schrauder, chief operations officer, Walmart Canada.
