Chris' Corner: Wal-Mart Canada to spend $750 Million to expand and update

Wal-Mart Canada to spend $750 Million to expand and update

Wal-Mart

Wal-Mart Canada to spend $750 Million to expand and update facilities in Canada.

Wal-Mart Canada, which currently operates 333 stores across the country, is planning on 73 new projects to expand/update, relocate or create new centres, more than half of them supercentres with full service foodmarts.

Wal-Mart Supercentres

These projects will add 4.6 million square feet to Wall-Mart's operations in the next year.  These moves should create 14,000 new jobs over the next year.

With Target scheduled to open 24 stores in Ontario by April of 2013 and other U.S. retail giants like Kohl's and Nordstrom eyeing expansion into Canada, this looks like a move to cement Wal-Mart's standing in Canada.

Chris Smith CSSBB
          Sales Representative

Interested in Buying or Selling Real Estate?

  ph: 1.866.936.3500

Re/Max
Chay Realty Inc.,
Brokerage

Comment balloon 8 commentsChris Smith • February 07 2012 06:30PM

Comments

Well that means job growth, improve economy, and a nice place to shop, sounds like a win win to me.

Posted by David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct (DMK Real Estate ) over 8 years ago

Hi Chris - Walmart Canada has been converting many of their regular stores to SuperCentres over the past few years.  However, I have yet to find any open 24 hours a day except around Christmas.  I am looking forward to Target.  It would be nice to add Kohls and Nordstrom since we have so few department stores chain in Canada.

Posted by FN LN over 8 years ago

That is a lot of improvement dollars Chris. Many have already been renovated but with such a huge traffic volume daily they seem to wear out quickly. 

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) over 8 years ago

HI Chris,

with all the changes in retail sales and how the consumer tend to spend their money it is no big surprise that walmart is jumping all over the Canadian Market,

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) over 8 years ago

We like to shop at the Super Walmart in New Braunfels, a one-stop shop. They have everything we need from prescriptions, clothing, electronics and groceries and a great garden-nursery dept. Love the on-stop shopping.

Carl and Ceil

Posted by Carl Winters over 8 years ago

Chris, Big retails are definitely good for the economy and job market! Looks like an expanding economy for Canada!

Posted by Keith Gilkey, 410-920-7214, Re/Max Chesapeake (Re/Max Chesapeake) over 8 years ago

Hi Chris, our local Walmart just expanded into a supercentre and now we can buy groceries there too. They certainly are a company that likes to get bigger and bigger each passing year. They must be very tough to compete with.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) over 8 years ago

Chris, I am all for creating jobs when possible. It helps the local economy and puts a roof over people's head and food on the table for many. Congrats on all the new business coming into Canada!

Posted by Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Red Rock Real Estate) over 8 years ago

Participate