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