Wal-Mart Stores Inc. says it plans to spend more than $450 million in Canada over the next year to expand its fresh food offerings and complete at least 37 new supercenter projects, Bloomberg reports. The announcement comes as rival Target Corp. gears up for its debut in Canada this spring.
The Arkansas-based retailer hopes the extra grocery items will help “differentiate” itself from Target, which will be more focused on clothing and housewares.
The Star Tribune says Target will begin opening Canadian stores in March -- its first expansion outside of the United States after more than 50 years.
The Minneapolis-based big-box chain has plans to open 125 to 135 stores over the next two years, according to a company news release.