Finance & Capital Management

In addition to the five-year plan, amounting to approximately 4.5 billion USD, the retailer has agreed to sell its fleet business to Canada Cartage.

Organizational alignment can drive exceptional retail media performance, writes Angela Myers of G-Comm, a division of Goodway Group.

As retail media spend surges, the blockbuster deal is an attempt to position the two longtime rival companies to better compete and help solve the fragmentation challenge brands are facing.

Thirteen people were hired or promoted to leadership roles, including division vice president of store operations and inventory planning and strategy lead.

The Canadian retailer plans to grow its store counts in Quebec and Ontario.