Walmart Canada sells fleet business, adds supercentres, and expands distribution network
Walmart Canada will invest $6.5bn over the next five years to open new stores and upgrade distribution centres.
The company plans to open dozens of new stores, including five Supercentres in Ontario and Alberta by 2027.
The Port Credit Walmart Supercentre in Mississauga will open in summer 2025, followed by the Oakville Walmart Supercentre at Hopedale Mall in late 2025. Three Alberta Supercentres will open in Calgary, Edmonton, and Fort McMurray by 2027.
The Vaughan Distribution Centre, described as Walmart Canada’s most advanced facility, will open in spring 2025. The company stated it is modernizing distribution centres to improve its supply chain.
Gui Loureiro, regional CEO for Walmart Canada, Chile, Mexico, and Central America stated that the $6.5bn investment is the company’s largest in Canada since its arrival 30 years ago.
Walmart Canada has signed an agreement to sell its fleet business to Canada Cartage, the country's largest provider of fleet services.
According to BNN Bloomberg, Walmart Canada spokesperson Sarah Kennedy did not disclose the value, structure, or expected closing date of the deal. She stated that third-party carriers already manage about half of the retailer’s fleet service transactions.
She also confirmed that no fleet service employees would be laid off, as Canada Cartage will retain them once the deal closes.
Walmart Canada also recently concluded its $3.5bn investment announced in 2020, which included modernizing over 180 stores.
The company transformed the Mississauga-Square One Supercentre into its flagship location and opened four new stores in Victoria, Montreal, Edmonton, and Vaughan.
More than $800m was invested in new distribution and fulfilment centres in Cornwall, Surrey, Rocky View County, Moncton, and Vaughan, with the Vaughan facility set to open in spring 2025.
In 2024, Walmart Canada invested nearly $200m in wage increases for frontline workers. The company stated it is focusing on wages, benefits, skills training, and educational opportunities.
