Walmart is to launch a new store format called Urban 90 in east Toronto in January 2012. Walmart Canada’s president and chief executive David Cheesewright said the initial urban store would be on a 4.5 acre site, 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. The move to acquire the Zellers sites would give Walmart an opportunity to open more Urban 90 stores, should the first one succeed. Walmart’s Supercentres are up to 200,000 sq ft, double the size of a typical Zellers.

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