Canadian division of Walmart which is headquartered in Walmart application pdf usa, Ontario. It was founded on March 17, 1994 with the purchase of the Woolco Canada chain from the F. Originally consisting of discount stores, Walmart Canada’s contemporaries include Hart Stores, and Giant Tiger.
It also competes in many areas with Home Hardware, Canadian Tire and Dollarama. Costco and hypermarket Real Canadian Superstore. Based on the success of the US format, Walmart Canada has focused on expanding Supercentres from new or converted locations, offering groceries which puts them in the same market as supermarket chains such as Loblaws, Real Canadian Superstore, Metro, Sobeys, Thrifty Foods, Safeway, Save-On-Foods, Country Grocer, Fairway Markets, Quality Foods, Co-op and others.
Walmart Canada held grand openings of 15 supercentres in January 2016, completing its expansion plan for the company’s fiscal year, ending January 31, 2016. As of January 31, 2017, Walmart Canada’s total count is 410 stores, including 330 supercentres and 80 discount stores in every province and territory except for Nunavut. Walmart Canada was established in 1994 through the acquisition by Walmart of 122 Canadian leases of Woolco, a troubled subsidiary of Woolworth Canada.
The same year, these Woolco stores were renovated and converted into the Walmart banner. Wal-Mart did not acquire 22 other Woolco stores that were either unionized or had downtown locations. Some former Woolco stores were sold and re-opened as Zellers stores.
All 16,000 former employees of the Woolco stores that Walmart acquired were retained, retrained, and given a five percent raise. Mario Pilozzi, a senior vice-president at Woolco when the deal was signed, eventually became CEO of Walmart Canada. Pilozzi, who retired in 2008, has proclaimed that he and “his management team took a limping chain and turned it into the Walmart powerhouse that became a game-changer on the Canadian business scene. Retailers changed, Canadian manufactures faced demands and volumes they had not seen before, real estate transitioned from enclosed malls to big-box plazas”.