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The former Target stores at Bayshore and Billings Bridge shopping centres are among the 13 properties the be taken over by Walmart Canada, Wal-Mart announced Friday.
The company said it plans to invest some $350 million in the deal, including about $185 million to renovate the 12 leased stores, one company owned property and one distribution centre.
Wal-Mart says it plans to hire about 3,400 plans to hire approximately 3,400 new associates in British Columbia, Manitoba, Ontario and Quebec and these projects are expected to generate approximately 1,500 trade and construction jobs.
Work on the locations all locations is expected to start within the next few months subject to court approval under Target Canada’s Companies’ Creditors Arrangement Act proceedings and certain other customary conditions.
“Walmart is committed to the Canadian market, and this agreement helps us accelerate our growth plans ensuring more Canadians have access to our low prices,” said Dirk Van den Berghe, president and CEO of Wal-Mart Canada. He described the Target properties as all “well-situated.”
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The company said it plans to invest some $350 million in the deal, including about $185 million to renovate the 12 leased stores, one company owned property and one distribution centre.
Wal-Mart says it plans to hire about 3,400 plans to hire approximately 3,400 new associates in British Columbia, Manitoba, Ontario and Quebec and these projects are expected to generate approximately 1,500 trade and construction jobs.
Work on the locations all locations is expected to start within the next few months subject to court approval under Target Canada’s Companies’ Creditors Arrangement Act proceedings and certain other customary conditions.
“Walmart is committed to the Canadian market, and this agreement helps us accelerate our growth plans ensuring more Canadians have access to our low prices,” said Dirk Van den Berghe, president and CEO of Wal-Mart Canada. He described the Target properties as all “well-situated.”
查看原文...
