Loblaw to invest $10B over next five years

Loblaw Companies Limited, Canada’s largest food retailer, has announced it will invest $2.2 billion into the Canadian economy in 2025. 

The investment reinforces Loblaw’s position as a major contributor to the growth of the Canadian economy. The Company anticipates similar levels of investment over the next five years – to invest more than $10 billion by 2030 – adding to the more than $8 billion the Company has invested since 2020 to improve and expand its network of stores and modernize its supply chain. 

The Company’s 2025 planned investments include:

• -  80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners, including approximately 50 hard discount stores;
•  the renovation of more than 300 grocery and pharmacy locations, including adding approximately 100 new Shoppers Drug Mart pharmacy care clinics; and
•  the continued development of the Company’s modernized supply chain, including the initial opening of the 1.2 million square foot facility in East Gwillimbury, Ontario.

“At a time when Canadians need value the most, we’re continuing to invest meaningfully in the Canadian economy and in delivering value to our customers,” said Per Bank, president and CEO, Loblaw Companies Limited. “From opening one of the largest fully automated distribution centres in North America, to introducing dozens of small-format, hard-discount stores to communities that need them most, this investment will have a positive impact across the country.”