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Walmart CDR (CAD Hedged)
Symbol WMT
Shares Issued 4,950,000
Close 2026-06-03 C$ 49.10
Market Cap C$ 243,045,000
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Globe/CP say Walmart told Zellers to go Canada-wide

2026-06-04 08:44 ET - In the News

Also In the News (C-AMZN) Amazon.com CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that the new owners of Zellers will soon expand the relaunched brand to Ontario but are first making a few tweaks. A Canadian Press dispatch to The Globe says the discount retailer, which currently has one location in Edmonton, will open a store on Orfus Road, just south of Yorkdale Mall in Toronto, on June 18 and another at Windsor's Tecumseh Mall in July. Joey Benitah, Zellers's chief operating officer, said the plan is to slowly nationalize the brand, mentioning Brampton, Scarborough, Calgary, Vancouver, Ottawa. "There's lots of discussions happening," he said. Like the Edmonton location at Londonderry Mall, which marked the retailer's return last October, the Ontario stores will be stocked with apparel, home goods, luggage, toys, snack and seasonal items. Mr. Benitah initially wanted to leave toys out of Zellers because he felt it would be too hard to compete with Walmart and Amazon. He's reversing course now because of customer feedback. "We had a very small, limited selection of toys, when we opened Londonderry, and they were among our highest sellers," he said. His family is also behind apparel stores Fairweather, Designer Depot and International Clothiers.

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