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

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

FILE PHOTO: People shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto, Ontario, Canada March 13, 2020. REUTERS/Carlos OsorioIt 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.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.

 

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