Loblaw Companies Limited or Loblaw, Canada’s food and pharmacy leader, has announced that in 2025 it will invest $2.2 billion into the Canadian economy. This investment will create an anticipated 8,000 jobs in communities across the country.
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The Company’s 2025 planned investments include opening 80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners, with approximately 50 hard discount stores, and the renovation of more than 300 grocery and pharmacy locations, including adding approximately 100 new Shoppers Drug Mart pharmacy care clinics.
“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.”
With this new stores the company will have more than 2,500 stores across Canada by the end of 2025.