Queen's University

Walmart Canada to invest $450 million in supercentre projects: Queen's University expert

2013-01-25

Queen’s University business professor Ken Wong is available to talk about today’s announcement that Walmart Canada will invest $450 million to build 37 supercentres and a distribution centre in the next 12 months.

Professor Wong, who specializes in the retail industry, feels the impending arrival of Target and the positive performance of Walmart’s Canadian stores are among the reasons for the major investment.

“I think it is good to see a firm prepared to reinvest in the communities that support them. It becomes a win-win situation,” says Professor Wong. “Over time, stores deviate from their ideal organization as new services are added, some lines are deleted and some sections expanded or shrunken. This is especially true of supercentres. The result can be a store that looks like it was slapped together. In addition, staff may have to deal with a number of ‘work-arounds’ which lead to higher costs (and prices). Walmart would be wise to do a major investment under any circumstance but especially now in light of Target's arrival.”

Please note on Tuesday, Jan. 22, Professor Wong will be available after 1 p.m.

To arrange an interview, please contact communication officers Michael Onesi (office: 613.533.6000 ext. 77513, michael.onesi@queensu.ca) or Anne Craig (office: 613-533-2877, Anne.Craig@queensu.ca) at Queen’s University News and Media Services Department in Kingston, Ont., Canada.

Follow Queen’s News and Media Services on Twitter: http://twitter.com/QueensuMedia

Attention broadcasters: Queen’s has facilities to provide broadcast quality audio and video feeds. For television interviews, we can provide a live, real-time double ender from Kingston via fibre optic cable. Please call for details.
 

Copyright © Queen's University
Kingston, Ontario, Canada. K7L 3N6. 613.533.2000
Last updated at 2:34 pm EDT, Tue July 29, 2014
iTunes is a trademark of Apple Inc., registered in the U.S. and other countries.