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Loblaw plans to open 40 new stores across Canada.

Loblaw Plans to Open 40 New Stores

Loblaw plans to invest more than $2 billion, open more than 40 new stores and upgrade approximately 700 existing locations across Canada.

Brampton, Ont.-based Loblaw said the substantial investment underscores the company’s dedication to bolstering its store network, generating job opportunities and enhancing accessibility to affordable food and healthcare services nationwide. The capital investments this year are expected to create more than 7,500 jobs in Canada.

“This year, we are investing where Canadians need it most,” said Per Bank, Loblaw’s president and CEO, in a news release. “We will introduce more than 40 new discount stores and 140 new pharmacy care clinics in communities across the country — making healthcare and affordable food more accessible to more people.”

Loblaw is Canada’s largest grocery-store owner and operator. Its chains include Loblaws, No Frills, T&T and Real Canadian Superstore, The company also owns and operates the Shoppers Drug Mart store network and PC Financial.

Loblaw said it will also relocate 10 unspecified stores.

Picture: New Loblaws City Market store at Post Office development in downtown Vancouver.

Image: QuadReal Property Group

(Connect CRE will award its inaugural Canadian Top Broker Awards this year. The deadline has been extended to February 22. Connect will recognize brokers for their sale and lease deals. Nominate a candidate today.)


Inside The Story

Per BankLoblaw Companies

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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