Walmart Canada to Build Dozens of Stores and Sell Fleet Business

Group 1: Expansion Plans - Walmart Canada plans to build dozens of new stores over the next five years, including five new Supercentres by 2027 and a new distribution center opening in spring 2025, as part of a $6.5 billion investment, the largest since its entry into Canada 30 years ago [2][5] - The company currently operates more than 400 stores nationwide and has over 100,000 associates, with an online store visited by more than 1.5 million customers daily [6] Group 2: Fleet Business Sale - Walmart Canada has signed an agreement to sell its fleet business to Canada Cartage, which will allow Walmart to focus on expanding its stores and supply chain while Canada Cartage enhances its fleet outsourcing capabilities [3][4] - The transaction is expected to close within weeks, subject to customary closing conditions [5]