Walmart Canada to Invest C$3.5 Billion in Customer Experience
July 20 2020 - 6:49AM
Dow Jones News
By Matt Grossman
Walmart Canada, the Canadian division of Walmart Inc., will
invest $3.5 billion Canadian dollars in customer-experience
improvements, the company said Monday.
The investment, planned over the next five years, includes
e-commerce development, re-invented stores and two new distribution
centers.
Over the next three years, Walmart Canada will renovate more
than 150 stores, representing more than a third of its network, the
company said. The renovated stores will have digital improvements
such as mobile checkout and computer monitoring of inventory
volumes on shelves, Walmart said.
About C$1.1 billion of the investment will fund the construction
of two new distribution centers--in Vaughn, Ontario, and Surrey,
British Columbia.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 20, 2020 06:34 ET (10:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Walmart (NYSE:WMT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From Jul 2023 to Jul 2024