Walmart is buying 13 of the former Target Canada stores, along with a distribution centre in Cornwall, Ont.
Walmart Canada says it will spend about $165 million for the leases and properties and a further $185 million on renovations.
The $350-million plan is subject to court approval, as part of Target’s exit from the Canadian market. Click here to read more.
- Walmart Canada Announces Further Investment in Canadian Market (Walmart via Business Wire)
- Walmart moving into Cornwall, Ontario DC (MMD Online)