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Woolco was an American-based discount retail chain. ... the Woolworth Corporation sold most of the Woolco Canada stores to Walmart. [12] ...
Woolco and Woolworth survived in Canada until 1994, when the company sold the majority of the Woolco stores to Wal-Mart. The Woolco stores that Wal-Mart did not purchase were either converted to The Bargain! Shop, sold to Zellers or closed permanently. Approximately 100 Woolworth stores in Canada were rebranded as The Bargain!
Walmart Canada is a Canadian retail corporation, discount retailer and the Canadian subsidiary of the U.S.-based multinational retail conglomerate Walmart.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.
[20] [36] In addition, the United Food and Commercial Workers Union planned to hold demonstrations as many Zellers staffers were to be laid off instead of being retained by Target or Walmart. This was in marked contrast to the takeover of Woolco by Walmart in 1994, where all Woolco employees of the acquired stores were retained. [37]
In 1994, Wal-Mart took over the Woolco location and remained in the mall until 2004. The mall declined after Walmart's departure, and was described as being on "death row". [ 1 ] In February 2006, The Bay Furniture Outlet opened inside the mall, and just after that a flea market.
Woolco Canada (converted to Walmart) Asda (acquired in 1999, later sold to EG Group in 2021. Walmart retains an equity investment in Asda and a seat on the board) McLane Company (acquired in 1993, later sold to Berkshire Hathaway in 2003) Wertkauf hypermarkets (Germany) Interspar hypermarkets (74 locations in Germany [14]) Bompreco (Brazil)
The original mall featured 80 retailers, including a mixture of chain and independent businesses, a bowling alley, and a food court. During the mall's early history, all three anchors closed or were rebranded: Woolco became Walmart; Safeway closed; and The Bay location was taken over by Sears Canada.
Woolco: North America Discount store: Division 1962–1994 Became Walmart Canada: Worth Mart: North America Discount store: Division 1960s More down-market than Woolco 2 Entertain: Europe Home Video: Spin-off joint venture: 2004–Present Partner with BBC: Alworths: Europe General merchandise Spin-off successor 2009–2011