In fiscal year ended January 31, 2023, there were 402 Walmart retail stores in Canada, a decrease compared to a year earlier.
Walmart in Canada - additional information
Walmart is one of the world’s largest retail companies, with total revenue amounting to approximately 611 billion U.S. dollars in 2023. It was founded by Samuel Walton in Bentonville, Arkansas, in 1962, where its headquarters continue to reside to the present day. However, Walmart Canada was established in the early 90s when the company acquired 122 Woolco stores in Canada. As of January 31, 2023, it operated 402 locations across Canada. In Canada, the company includes Walmart discount stores, Supercenters and Sam’s Club stores. With more than 80 thousand employees, the company is one of the largest private employers in Canada.
Instead of offering a very good deal every once in a while, Walmart’s philosophy is to offer the best possible price every day of the year. The primary marketing strategy is to keep retail prices low and therefore the company is widely associated with the slogan “Everyday Low Price”. The strategy of offering low prices is based on the following key factors: Slim margins, but higher sales volume and the minimization of operating costs. Its large volume of sales enables Walmart to make substantial profits. In 2021, Walmart controlled eight percent of the grocery market in Canada.
Number of Walmart retail stores in Canada from 2012 to 2023
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Walmart. (March 17, 2023). Number of Walmart retail stores in Canada from 2012 to 2023 [Graph]. In Statista. Retrieved October 04, 2023, from https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/
Walmart. "Number of Walmart retail stores in Canada from 2012 to 2023." Chart. March 17, 2023. Statista. Accessed October 04, 2023. https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/
Walmart. (2023). Number of Walmart retail stores in Canada from 2012 to 2023. Statista. Statista Inc.. Accessed: October 04, 2023. https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/
Walmart. "Number of Walmart Retail Stores in Canada from 2012 to 2023." Statista, Statista Inc., 17 Mar 2023, https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/
Walmart, Number of Walmart retail stores in Canada from 2012 to 2023 Statista, https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/ (last visited October 04, 2023)
Number of Walmart retail stores in Canada from 2012 to 2023 [Graph], Walmart, March 17, 2023. [Online]. Available: https://www.statista.com/statistics/539497/number-of-stores-walmart-canada/