Walmart Canada announced on Thursday an investment of approximately C$6.5 billion ($4.51 billion) to build new stores and enhance its supply chain, marking the largest investment since its first store opened nearly 30 years ago.

The retail giant plans to open dozens of new stores, starting with five supercenters in Ontario and Alberta by 2027, and will also focus on modernizing its distribution centers.

Joe Schrauder, Walmart Canada’s Chief Operations Officer, said, “We are making strategic investments across the country in both online and in-store services to better serve our customers than ever before.”

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