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Walmart to invest $450 million to ramp up its grocery business in Canada

from Forbes

Amid its struggling business in the U.S., Mexico, Brazil and China, retail giant Walmart has decided to strengthen its operations in Canada. Recently, Walmart Canada's chief executive announced that the company will be spending close to C$500 million (U.S.$452.35 million) in fiscal 2015 (CY 2014) to boost its grocery business and e-commerce operations. It is planning to open six new supercenters (which offer a full line of groceries), expand 10 existing stores, and add fresh food items to 19 stores. more


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