Walmart Canada closing six stores, spending $500 million to upgrade others
MISSISSAUGA, ONT. — Walmart Canada is closing six stores and spending $500 million to upgrade more than half its remaining locations in a bid to improve the “look and feel” of its stores and enhance its online business.
The chain says it’s closing three stores in Ontario, two in Alberta and one in Newfoundland and Labrador.
The Mississauga, Ont., based retailer says workers will be offered positions at nearby stores as each of the impacted locations is in a market that is already served by other Walmart stores.
Meanwhile, Walmart Canada says the record $500 million investment will see improvements in more than 60 per cent of its stores including upgrades to lighting, repairs, paint and new signage as well as improvements to staff lounges.
The company says it’s also improving the pick-up spaces for online orders in its highest e-commerce volume stores.
Horacio Barbeito, president and CEO of Walmart Canada, says the company is on a mission to modernize all aspects of its business with a focus on stores and serving customers “in more omnichannel ways.”
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