The Fly

Walmart Canada announces $1B in major infrastructure investments this year

Walmart Canada is investing $1B in infrastructure this year as part of the retailer’s efforts to speed up and transform the business for its customers.A cornerstone of the investment includes more than $100M to build a new high-tech sortable fulfillment centre near Montreal in Vaudreuil-Dorion, Quebec – the first of its kind for Walmart in the province. The new facility, currently slated to open in 2024, will offer better product availability and quicker service for customers choosing to shop in-store or online at This year’s $1B investment also includes plans to update and remodel a record number of stores in a year. Store changes include modernizing and upgrading physical spaces with a focus on improving the customer experience both in-store and online. These projects are all part of Walmart Canada’s multi-year $3.5B investment to make the online and in-store shopping experience simpler, faster and more convenient for customers as the retailer invests for continued growth to help more Canadians save money and live better. Reference Link

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on WMT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More