Loblaw Companies Ltd. is expanding its network of stores and doubling down on discounting as part of a planned $10 billion (Canadian dollars) investment during the next five years.
As part of its plans to invest $2 billion (C) in the Canadian economy this year, the food and pharmacy giant will open 80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners. The openings include approximately 50 “hard discount” stores. In 2024, Loblaw opened three no-frills discount grocery stores under the No Name banner in the Ontario province.
In addition, Loblaw will renovate more than 300 grocery and pharmacy locations. The renovations include adding approximately 100 new Shoppers Drug Mart pharmacy care clinics.
The company also will continue the development of its modernized supply chain, including the initial opening of the 1.2-sq.-ft. foot facility in East Gwillimbury, Ontario.
“From opening one of the largest fully automated distribution centers 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,” said Per Bank, president and CEO, Loblaw Companies Ltd. “As a proudly Canadian owned and operated business, we’ll also work to showcase Canadian-made value and quality across our entire network.”
The company noted it anticipates similar levels of investment during the next five years – with plans to invest more than $10 billion by 2030 – adding to the more than $8 billion it has invested since 2020 to improve and expand its network of stores and modernize its supply chain.
Loblaw operates 2,500 stores across Canada under a variety of banners.
