page_title: Walmart Canada
section_title: Supercentres in Canada
hierarchical_section_title: Walmart Canada / History / Supercentres in Canada
caption_attribution_description: English: Walmart - Address: 1070 Major Mackenzie Drive East, Bayview &amp; Major Mackenzie, Richmond Hill, Ontario
context_page_description: Walmart Canada is the Canadian division of Walmart which is headquartered in Mississauga, Ontario. It was founded on March 17, 1994, with the purchase of the Woolco Canada chain from the F. W. Woolworth Company.
  Originally consisting of discount stores, Walmart Canada's contemporaries include Giant Tiger, Home Hardware, Canadian Tire and Dollarama. Based on the success of the US format, Walmart Canada has focused on expanding Supercentres from new or converted locations, offering groceries which puts them in the same market as supermarket chains such as Loblaws, Real Canadian Superstore, Metro, Sobeys, Thrifty Foods, Safeway, Save-On-Foods, Country Grocer, Fairway Markets, Quality Foods, Co-op and others. Walmart is the second largest retailer in Canada by revenue.
  Walmart Canada held grand openings of 15 supercentres in January 2016, completing its expansion plan for the company's fiscal year, ending January 31, 2016. As of July 31, 2020, Walmart Canada's total count is 408 stores, including 343 supercentres and 65 discount stores in every province and territory except for Nunavut.
context_section_description: With the success of both Walmart in Canada and Walmart Supercenters in the United States, it was announced in late 2005 that the Supercentre concept would be arriving in Canada. On November 8, 2006, Canada's first three Supercentres opened in Ancaster, London, and Stouffville in Ontario. Alberta became the second province with Supercentres in September 2007. The first Supercentre in Vancouver, British Columbia opened in January 2009 in a former Costco/Price Club location, which moved to a new larger site nearby in Burnaby.
  Walmart Supercentres range from 67,000 to 340,000 sq ft (6,200 to 31,600 m²). Walmart Supercentres stock everything a Walmart Discount Store does, but also include a full-service supermarket, including meat and poultry, baked goods, delicatessen, frozen foods, dairy products, garden produce, and fresh seafood. Many Walmart Supercenters also feature a garden centre, pet shop, Axess Law office, pharmacy, Tire & Lube Express, optical centre, one-hour photo processing lab, portrait studio, a clinic and numerous alcove shops, such as cellular phone stores, hair and nail salons, video rental stores (including Redbox rental kiosks), local bank branches, and fast food outlets, Walmart Canada Bank launched its application for banking licence in 2008 to compete with similar stores in Canada such as Loblaw.
  On July 24, 2009, Walmart Canada Bank was incorporated under the Bank Act in Canada. On May 17, 2018, Wal-Mart Canada announced it had reached a definitive agreement to sell Wal-Mart Canada Bank to First National co-founder Stephen Smith and private equity firm Centerbridge Partners, L.P., on undisclosed financial terms. On the purely coincidental date of April 1, 2019, Centerbridge Partners, L.P. and Stephen Smith jointly announced the closing of the previously announced acquisition of Wal-Mart Canada Bank and that it was to be renamed Duo Bank of Canada, to be styled simply as Duo Bank. Though exact ownership percentages were never revealed in either company announcement, it has also since been revealed that Duo Bank was reclassified as a Schedule 1 (domestic, deposit-taking) federally chartered bank of the Bank Act in Canada from the Schedule 2 (foreign-owned or -controlled, deposit-taking) that it had been, which indicates that Stephen Smith, as a noted Canadian businessman, is in a controlling position.
caption: Walmart in Richmond Hill, ON (1070 Major Mackenzie Drive East, Bayview & Major Mackenzie) in Feb 2020
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