OTHER NEWS - Jan. 15, 1994
From Times Staff and Wire Reports
Wal-Mart Buying 120 Woolco Units in Canada: Wal-Mart Stores Inc. is continuing its march across North America by entering Canada with the purchase of 120 Woolco discount stores from Woolworth Corp. The No. 1 retailer, based in Bentonville, Ark., is already in a partnership with Mexico’s largest retailer, Cifra. Details of the transaction were not released, but Woolworth said it will receive about $300 million in cash from the deal.
