WAL-MART plans to extend Supercentres in Canada

Wal-Mart, which recently opened its first Supercentres in Canada, aims to use the new format as a means to growing market share in the country. "We have taken a big evolutionary step forward," said Mario Pilozzi, President and CEO of Wal-Mart Canada in an address to analysts, "the supercenters have allowed us to deliver the best assortment." Wal-Mart Canada has opened seven Supercentres since November and plans to open 21 supercenters in the current fiscal year - 11 of them converted from existing discount stores, Pilozzi said. That compares to eight new discount stores, including three that will be relocated this year.