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Walmart Canada to invest over CUS$500 million on store upgrades

Walmart Canada to invest over CUS$500 million on store upgrades

15/3/2021 7:30:00 PM

Walmart Canada to invest over CUS$500 million on store upgrades

Walmart Canada said on Monday it plans to invest more than CUS$500 million (US$400.06 million) this year to refurbish its stores.

16 Mar 2021 12:10AMShare this contentBookmarkREUTERS: It would be the largest yearly investment in store upgrades, with more than 60per cent of outlets benefiting from the plan, the Canadian arm of the world's largest retailer said.AdvertisementAdvertisement

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In July, Walmart Canada announced plans to spend CUS$3.5 billion over the next five years to strengthen its e-commerce business and renovate stores.Walmart Canada said on Monday the plan was expected to create more than 2,000 construction jobs in the country.

(US$1=1.2498 Canadian dollars)(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta) Read more: CNA »

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Walmart Canada to invest over C$500 million on store upgradesWalmart Canada said on Monday it plans to invest more than CUS$500 million (US$400.06 million) this year to refurbish its stores.

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