The big box locations that once served as Target stores in Canada now have a new tenant: Walmart.
The Wall Street Journal reports that Walmart will acquire the retail and distribution locations vacated by Target earlier this year.
In all, the retailer will add 12 store leases and one owned property, as well as one distribution center to its roster of 395 stores already operating in the great North.
“Walmart is committed to the Canadian market, and this agreement helps us accelerate our growth plans,” Walmart Canada Chief Executive Dirk Van den Berghe tells the WSJ.
Walmart’s plans to take over the locations and property comes about five months after Target announced it would cease operations in Canada.
This is the second expansion in Canada for Walmart this year. Back in February the company announced it would open 29 supercenter stores in the country.
Wal-Mart to Buy Canadian Locations From Target [The Wall Street Journal]
by Ashlee Kieler via Consumerist
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