Walmart Agrees To Acquire Stores, Distribution Center From Target Canada

Walmart Canada said it has agreed to buy a distribution center, 12 store leases, and an owned property from Target Canada. Valued at C$165 million, the acquisition deal will add about 1.6 million square feet of retail floor and 1.4 million square feet of distribution space and is part of Walmart's expansion plans in Canada. Also, the new stores and distribution facility will create about 2,400 store jobs, 1,000 distribution jobs, and 1,500 construction jobs.