Walmart Canada invests $ 3.5 billion over five years

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MISSISSAUGA, Ont. – Walmart Canada plans to invest $ 3.5 billion over the next five years to improve store and web service, renovate 150 stores, and build two new distribution centers.The retail giant says the investment will create hundreds of construction jobs in Canada and forge partnerships with Canadian high-tech companies.

Future technology initiatives include the use of payment on mobile devices so that customers can pay for their purchases anywhere in the store.

The company also aims to soon offer a full merchandise pick-up service in approximately 270 branches, or 70% of its locations in Canada.

The renovations of more than a third of its stores will be completed over three years.

Walmart also plans to spend $ 1.1 billion to accelerate the flow of products by building two new distribution centers in Vaughan, Ontario. and Surrey, British Columbia, as well as the renovation of an existing center in Cornwall, Ontario.

“Today’s significant investment will position us for future growth and make Walmart Canada even better for our associates and customers,” said Horacio Barbeito, President and CEO.



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