S&P 500
7,396.00
+1.83%
Dow Jones
50,882.60
+2.02%
Nasdaq 100
29,427.60
+3.44%
Russell 2000
2,921.40
+3.20%
FTSE 100
10,407.70
+2.08%
Nikkei 225
66,407.50
+5.14%
Live: Will Adobe Smash Q2 Earnings After the Bell Tonight?

Retail

Walmart Increasing Its Presence in Canada

Photo of Jon C. Ogg
By Jon C. Ogg Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

walmart-store-front-blue

Wal-Mart Stores Inc. (NYSE: WMT) is making an expansion in Canada, which some investors may say is on the heels of a similar move from rival Target Corp. (NYSE: TGT) that already has begun. Walmart Canada has announced that it plans to complete at least 37 supercenter projects and will be expanding its distribution network in the next fiscal year. The investment is put at $450 million.

The company went on to say that these expansion plans are expected to generate more than 7,000 store, trade and construction jobs. Each store carries close to 100,000 different products. The locations for specific store and distribution center projects will be announced as the details for each project are finalized. Today’s announcement is a continuation of the growth rate of 35 to 40 supercenter projects in Canada for the past several years.

As of January 31, 2013, Walmart Canada will have 379 stores, including 209 supercenters. By the end of January 2014, the company’s store count is expected to rise to 388. Fiscal year 2013 saw an addition of 73 projects, which included 39 former Zellers locations.

An expansion of $450 million may seem like a lot, but it is important to realize that Walmart has a market value of $231 billion and its current sales expectations for fiscal 2013 are $470 billion.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Paul Ausick |

Walmart Lowers Capex Spending, Cuts Sales Growth Estimate

courtesy of Wal-Mart Stores Inc.Late Wednesday afternoon Wal-Mart Stores Inc. (NYSE: WMT) announced at its investors’ day event that capital…

Douglas A. McIntyre |

Wal-Mart Outlines 2010-2011 Growth Plans (WMT)

Wal-Mart Stores, Inc. (NYSE: WMT) has been having its analyst meeting this week and we now have a release from…

Jon C. Ogg |

Walmart Offers 2013/2014 Guidance

Wal-Mart Stores Inc. (NYSE: WMT) outlined many of its plans for 2013 and beyond at today’s annual meeting for shareholders.…

11 Retailers Closing the Most Stores
Mike Sauter |

11 Retailers Closing the Most Stores

As U.S. employment continues to improve in the years after the recession, Americans are more likely to have disposable income…

Wal-Mart Slashes Prices at Stores That Are Closing
Paul Ausick |

Wal-Mart Slashes Prices at Stores That Are Closing

Wal-Mart announced on January 15 that it was closing 154 U.S. stores. On Friday, prices at many of those stores…

Wal-Mart Store Closures to Cost 10,000 US Jobs
Paul Ausick |

Wal-Mart Store Closures to Cost 10,000 US Jobs

An experiment that has lasted more than four years ended with a whimper Friday morning with an announcement that Wal-Mart…

Paul Ausick |

Walmart in China: Still Bricks-and-Mortar in an Online World

Walmart's physical expansion in China appears to have slowed, according to a report in Caixin Online, and it is getting…

Douglas A. McIntyre |

Walmart’s Biggest Problem

Local merchants and politicians have effectively blocked Walmart's expansion in many of America's largest cities, and that almost certainly not…

Paul Ausick |

Higher Wages, Higher Dividend May Not Be Good Enough for Wal-Mart

Wal-Mart reported better-than-expected fourth-quarter and fiscal year 2015 earnings before markets opened Thursday morning.

Top Gaining Stocks

KLA
KLAC • Vol: 1,764,632
Lam Research
LRCX • Vol: 14,927,636
Micron Technology
MU • Vol: 58,410,122
Applied Materials
AMAT • Vol: 12,398,980
International Paper
IP • Vol: 9,103,109

Top Losing Stocks

PTC
PTC • Vol: 2,995,693
Coterra Energy
CTRA • Vol: 73,319,495
Oracle
ORCL • Vol: 63,427,791
Autodesk
ADSK • Vol: 4,228,804
GoDaddy
GDDY • Vol: 2,694,606