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
French home improvement supplier Alpagroup sets up in North America
Fri, December 01st, 2023
LBMAO’s AGM and gala brings Ontario industry members together
Fri, December 01st, 2023
Canadian shoppers to spend 15 percent more this holiday season: Retail Council of Canada
Fri, December 01st, 2023
Rainbow Bridge car explosion was a lumber dealer, not a terrorist
Thu, November 30th, 2023
Giant Tiger opens Toronto-area location
Thu, November 30th, 2023
Regal ideas makes changes to its sales force
Thu, November 30th, 2023
Throwback Thursday: 20 years ago, Castle hired dealer recruitment specialist Mike Frame
Thu, November 30th, 2023
Home Depot Canada renews campaign to support homeless youth
Wed, November 29th, 2023
Rodbell rejoins Hudson's Bay in top job
Wed, November 29th, 2023
Mastermind Toys obtains creditor protection
Wed, November 29th, 2023