Walmart Canada enters into agreement with Target Canada to assume leasehold interests in certain sites operated by Zellers
MISSISSAUGA, ON, June 24, 2011 /CNW/ - Walmart Canada announced today that it has entered into an agreement with Target Canada to assume the leasehold interests in up to 39 sites currently operated by Zellers Inc. Specific locations will be identified later this fall. Terms of this transaction were not disclosed.
Established in 1994 and headquartered in Mississauga Ontario, Walmart Canada operates 325 stores and serves more than 1 million customers each day. Walmart is Canada's third-largest employer with 85,000 associates, and is recognized by Waterstone Human Capital as having one of Canada's top 10 corporate cultures. Since 1994, Walmart raised and donated over $125 million to Canadian charities and not-for-profit organizations.
For further information:
Susan Schutta, Director of Corporate Affairs, Walmart Canada at 905-821-2111, x78012
Carol Schumacher, Vice President of Investor Relations, Wal-Mart Stores, Inc., at 479-277-1498