Walmart Canada to Invest $3.5 Billion to Create Smart Stores, Improve Online Shopping and More
Walmart Canada is a flagship brand with over 400 stores across the nation. Today, the company announced that they were to invest $3.5 billion, in hopes of improving customer satisfaction and making use of next-generation technology.
The retailer says it has raised $1.1 billion to develop two distribution centers in Vaughan and Surrey. These locations will be working with Vanderlande and Witron respectively.
The remaining sum will be used on “new leading-edge technologies” and omni associate jobs. Walmart Canada also has plans to refurbish over 150 stores, adding seamless checkout options (like touch-to-pay) and automated product management. John Bayliss, Senior Vice President for Logistics and Supply Chain, made a statement:
“The retail business is as dynamic as ever and this investment ensures we’re developing a supply chain that is the envy of the world. The better the supply chain, the quicker our customers can get the products they want. This investment will transform our supply chain and create hundreds of Canadian construction jobs along the way.”
As the online shopping market grows, Walmart Canada is looking to further expand its e-commerce presence with telematics, software and transportation. With this huge news, it seems that Walmart Canada is on track to “lead and be the very best in Canada”.