Loblaw to Invest CA$10B in Store Network, Supply Chain by 2030
Loblaw Cos. Ltd., plans to invest more than 10 billion Canadian dollars by 2030, including 2.2 billion in 2025 alone, to extend its store network and modernize its supply chain.
The retail giant’s plans for this year include:
- 80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T Supermarket banners, including approximately 50 hard discount stores;
- Renovating more than 300 grocery and pharmacy locations, including adding 100 new Shoppers Drug Mart pharmacy care clinics; and
- Continuing to develop the company’s supply chain, starting with the opening of a 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," Per Bank, president and CEO, Loblaw Cos. Ltd., said in a news release. "From opening one of the largest fully automated distribution centers 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."
The retailer added that the investment also will create approximately 8,000 jobs across Canada.
"As a proudly Canadian owned and operated business, we'll also work to showcase Canadian-made value and quality across our entire network," Bank added. "Whether it's increasing orders for products made in Canada or further broadening our Small Supplier program, we're committed to home-grown success."
The five-year investment plan builds on the more than 8 billion Canadian dollars Loblaw has invested since 2022 toward improving and expanding its store network and modernizing its supply chain, per the release.
