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Walmart investing $500 million in Canada
New York City -- Walmart Canada, a unit of Wal-Mart Stores, announced that it plans to open 40 additional supercenters in its upcoming fiscal year (which runs from Feb.1, 2011 to January 31, 2012). The company is investing approximately $500 million in the project, which also includes expanding, remodeling and relocating existing stores.
Although Walmart Canada did not disclose exact locations, it did reveal that it will enter two new new markets this year: the provinces of Quebec and Manitoba.
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Meijer to open new urban format in Chicago suburb
Berwyn, Ill. -- The city council of Berwyn, Ill., has unanimously approved a redevelopment agreement with Meijer to anchor the city’s Cermak Plaza shopping center. Meijer currently has nearly 200 locations in the Midwest, and this newest site will be the closest location to downtown Chicago.
Meijer recently announced a new format, Chicagoland, for the urban marketplace. These urban infill stores will focus largely on grocery and pharmacy but will still offer general merchandise for a one-stop-shopping experience.