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Walmart Canada Announces Landmark $6.5 Billion Investment in Store Growth

A Walmart Canada store
Image courtesy Walmart Canada

Walmart Canada has announced plans to invest $6.5 billion CAD (approximately $4.5 billion USD) over the next five years to accelerate its growth in the country, with plans to open dozens of new stores. At the same time, Walmart Canada also announced that it was also selling its fleet business to Canada Cartage.

The announcements come as Walmart Canada winds up its $3.5 billion investment, announced in 2020, which included the modernization of more than 180 stores as well as the opening of four new stores, three DCs and one fulfillment center. In 2024, the company also invested nearly $200 million in wage increases for its frontline workers.

A fourth DC included in this 2020 round of investment, the Vaughan Distribution Centre, will open this spring. The facility will be Walmart Canada’s “most advanced facility” yet, the company said, and is part of a broader effort to modernize its supply chain infrastructure in the country.

“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,” said Joe Schrauder, COO of Walmart Canada in a statement. “From newcomers and urbanites to higher-income Canadians, more customers are choosing Walmart for their shopping needs.”

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With the new round of investment, Walmart Canada will build dozens of new stores, beginning with five new Supercentres in Ontario and Alberta. Locations will include:   

  • The Port Credit Walmart Supercentre in Ontario, which will open in summer 2025;
  • The Oakville Walmart Supercentre at Hopedale Mall in Ontario, which will open in late 2025; and
  • Three new Alberta Supercentres are expected to open by 2027 in Calgary, Edmonton and Fort McMurray.

“Walmart Canada is on an ambitious growth journey to serve even more Canadians better and differently than ever before,” said Gui Loureiro, regional CEO of Walmart Canada, Chile, Mexico and Central America in a statement. “This $6.5 billion investment is the largest we’ve made in Canada toward expanding our footprint since we first arrived here 30 years ago.

Walmart Canada also announced a new agreement with Canada Cartage to take over its fleet business. Canada Cartage will now provide delivery to more than 400 Walmart stores across the country, according to Truck News, which reports that Walmart Canada chose to divest its in-house fleet business in order to focus on its store and supply chain initiatives.

“Canada Cartage has deep expertise in providing dedicated fleet services and has been serving Canadian businesses for more than 110 years,” said Matt Kelly, VP of Supply Chain at Walmart Canada in a statement. “Through Canada Cartage we can serve customers even better and more flexibly and provide fleet employees with exciting growth opportunities at one of Canada’s largest and most trusted supply chain service providers.”

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