TORONTO — Just two days after Canadian Tire announced it would buy up a dozen Target Canada leases, Walmart Canada reveals that it will assume 12 leases, buy one site outright, and acquire a 1.4 million-square-foot distribution centre in Cornwall, Ont. That deal is valued at about $165 million and gives Walmart four more stores in both British Columbia and in Quebec. The company will spend another $185 million upgrading and renovating all the stores.
Walmart latest retailer to scoop up Target sites
Most Recent
Most Read
Purolator acquires Livingston International
Fri, February 07th, 2025
Housing starts to slow in wake of U.S. trade policies
Fri, February 07th, 2025
Featured Classified: BMR
Fri, February 07th, 2025
Canac launches Rivière-du-Loup store
Thu, February 06th, 2025
Catch top retail speakers at DX3 Canada
Thu, February 06th, 2025
Metrie announces several strategic leadership team promotions
Thu, February 06th, 2025
Throwback Thursday: 25 years ago, the PRO banner had its last hurrah
Thu, February 06th, 2025
Tando grows its market development team
Wed, February 05th, 2025
IKEA unveils annual report
Wed, February 05th, 2025
Featured Classified: Castle
Wed, February 05th, 2025