Loblaw to Expand Network, Introduce 40 New Discount Stores This Year
Loblaw Companies Ltd. is significantly growing its store network this year as part of a record $2 billion capital investment plan.
That includes more than 40 new stores, the expansion or relocation of an additional 10 stores and renovations to more than 700 existing banner locations.
Loblaw says the expansion will create more than 7,500 jobs.
[RELATED: Walmart Plans More Than 150 New Stores By 2029]
"This year, we are investing where Canadians need it most. We will introduce more than 40 new discount stores and 140 new pharmacy care clinics in communities across the country – making health care and affordable food more accessible to more people," said Per Bank, president and CEO, in a press release. "These investments in Canada are a catalyst for job growth and the creation of countless opportunities, in our stores, in our company and with the many partners who work with us."
Loblaw Cos. Ltd. is the largest retailer and private sector employer in Canada, operating 2,500 stores and national e-commerce options. The company's loyalty program, PC Optimum, has more than 18 million members. The Brampton, Ontario-based company is No. 11 on The PG 100, Progressive Grocer’s 2023 list of the top food and consumables retailers in North America.
This article originally published in sister publication Canadian Grocer.
