Walmart to open 11 supercenters in Canada

Walmart Canada (NYSE:WMT) announced it will open 11 new supercenters by Jan. 29, in time for the end of the current fiscal year. These locations will bring the country's total to 394 stores, including 280 supercenters and 114 discount stores.

When the year began, Walmart pledged to 35 supercenter projects, which included new stores, expansions, remodels and relocations. The total investment is $500 million in the Canadian economy.

For the first time, the two locations in the Prince Edward Island (PEI) areas of Canada will offer a full grocery line.

"We're thrilled to bring our Supercenter format, offering  a full complement of fresh groceries, to PEI for the first time as well as the other nine openings happening today and next week," said Gino DiGioacchino, executive VP of e-commerce and chief of operations at Walmart Canada. "We want to help as many Canadian families as possible save money on their weekly groceries and their general merchandise needs. We are looking forward to hearing from our customers."

The news comes less than a week after competitor big-box chain Target (NYSE:TGT) announced it would shutter all Canadian stores.

Walmart has been busy expanding other offerings and services in Canada. Last month, the company announced that it added 33 new Grab and Go lockers in the greater Toronto area to help with holiday shopping. The retailer's first set of lockers was installed at 10 locations in the Toronto area back in August as part of an initiative to reach customers at both physical and digital locations. Also, last spring, Walmart Canada introduced low-cost legal services in select locations throughout Toronto.

For more:
-See this Walmart press release

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