new chapter in Canadian
retailing began on March 17,
1994, when Wal-Mart pur-
chased 122 Woolco stores in Canada.
Now, it is time to tell you a little
miore about us, and what we will be
doing over the next several months.
In establishing Wal-Mart
Canada, we brought with us a phi-
— losophy
established
by our
founder,
Sam .
Walton,
when he
opened the
first Wal- -
Mart store
in 1962. It is a philosophy based on
giving customers superb service, a
_ wide assortment of quality merchan-
dise, and the lowest possible prices
everyday. :

-~ Sam Walton, Founder
Wal-Mart Stores, Inc,

._ There’s a lot of Canada
in Wal-Mart Canada.

Make no mistake about it ...
Wal-Mart Canada is a Canadian
company, managed by Canadians
and staffed with Canadian
Associates.

Wal-Mart's first commitment to
Canada was our resolve to retain the
16,000 former Woolco employees.
And we dida’t just keep them ... we
actually promoted many of them
and gave many others well-deserved
raises. In fact, we are determined to
create Canadian jobs.

Wal-Mart's commitment to
Canada also includes stucking
Canadian-sourced mer-
chandise when-

“ever possible.

That makes
good eco-
nomic

sense for us and for Canada ... and
there is no question that what is
good for Canada is certainly good for
Wal-Mart Canada.

We're investing in the
future, and in the
communities we serve.

Wal-Mart has already under-
taken an ambitious investment pro-
gramme in Canada. By
the end of this
year, all

122 former Woolco stores will have
undergone extensive renovations,
creating hundreds of jobs in con-
struction-related industries, And new
stores will be built in the future. All
stores are being equipped with new,
state-of-the-art technology, Compre- .
hensive employee training is under-
way across the country.

It all adds up to jobs, positive
economic activity and hundreds of
millions of dollars injected into the
Canadian economy.

From Woolco to .
Wal-Mart ... more than
just changing signs.

So, what does this philosophy
and commitment to Canada say
about Wal-Mart? It says that
Wal-Mart is different from other
retailers in Canada. That Wal-Mart
truly understands and respects the
needs of Canadians.

At Wal-Mart, our customers are
our bosses. We're committed to.
Canada and committed to you. If
you don’t like what we have to offer,
you'll tell us by shopping somewhere
else. But we're certain that once
you've experienced a new Wal-Mart
.. experienced our philosophy at
work ... you'll know exactly where
we stand. .