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
Home Depot to acquire another trade distributor
Thu, March 28th, 2024
Throwback Thursday: 22 years ago, Ace Canada signed UFA
Thu, March 28th, 2024
Ontario RONA affiliate expands
Wed, March 27th, 2024
Hardlines is at the National Hardware Show
Wed, March 27th, 2024
Meet our Young Retailer of the Year in our latest podcast
Wed, March 27th, 2024
Home Hardware supports Skills Canada
Wed, March 27th, 2024
Sign up for a free floor pass to DX3 in Toronto
Wed, March 27th, 2024
Canadian Tire and Petro-Can combine loyalty programs
Tue, March 26th, 2024
BeautiTone unveils exterior colour of the year
Tue, March 26th, 2024
Why Air Miles is still good for dealers: TIMBER MART's Bernie Owens
Mon, March 25th, 2024