Mississauga, Ontario -- Walmart Canada said Tuesday it will complete 30 real estate projects by the end of October, including two supercenter conversions and 28 new stores totaling 2.4 million sq. ft. of retail space.
The new stores were former Zellers locations; 10 will be converted to supercenters and 18 will be Walmart Canada discount stores.
“This is an exciting month for Walmart Canada,” said Jim Thompson, COO, Walmart Canada.
The 30 projects are part of 73 real estate projects planned for the company's current fiscal year, which will add 4.6 million sq. ft. of retail space to its operations by January 31, 2013. These projects represent an investment of more than $750 million in Canadian communities and will generate more than 14,000 store, trade and construction jobs, according to the company.
As of Oct. 31, the company will have completed 50 of the 73 real estate projects planned for the year, bringing the company's store count to 367 stores: 193 supercenters and 174 discount stores.