Walmart Canada plans to launch a new store format called Urban 90 in east Toronto during January 2012, according to Planet Retail.
Walmart Canada’s president and CEO, David Cheesewright, told a conference audience that the initial urban store would be on a 4.5 acre site, which is roughly half the size of a typical Walmart site.
Walmart also announced it has bought the leasehold rights to 39 former Zellers stores from Target Canada, according to Planet Retail.
The move to acquire the Zellers sites would give Walmart a place to open more Urban 90 stores, if the first store in east Toronto succeeds.
The timing and location of the Zellers conversions will be announced later this year.
