Walmart Canada [TCO] recently announced the retailer is investing another $200 million in its store network, that will be used to refurbish and refresh 31 stores across the country over the next year, and company’s eCommerce offering. As they continue their very public competition over other retailers such as Amazon, Walmart has invested over $1 billion over the last five years.
“Our store network is a key advantage in our ability to best serve the changing needs of our customers,” said Lee Tappenden, president and CEO of Walmart Canada. “1.2 million customers in Canada choose to shop in our stores every day and we are focused on making their experience easy, enjoyable and convenient while seamlessly integrating our e-Commerce business. Investing in our stores is critical for the future of our business and to deliver on the changing needs of our customers.”
This most recent investment is aimed at improving customer experience across 31 stores, as well as enhancing offerings and expanding e-Commerce integration.