Loblaw to Spend $1.5 Billion on Store Openings, Renovations

Loblaw Co. Ltd. (Brampton, Ontario) plans to invest roughly $1.5 billion (U.S.) this year to open 38 new and/or relocated stores and convert or renovate nearly 600 others.

Over the past five years, Loblaw said its capital investments have evolved with the grocery landscape, driven by digital innovation and technology. This year, the grocery will focus on its core retail experience, expanding its presence in communities, modernizing its supply chain, and making food and healthcare more accessible.

“By growing and innovating, we are advancing the priorities that matter to customers: outstanding shopping experiences, affordable options, and support for their health and wellness,” said Galen G. Weston, President and Chairman of Loblaw, which has about 2500 locations nationwide. “This investment lives up to our purpose of helping Canadians live life well.”

Highlights of Loblaw’s capital investments in 2023 include new discount-format supermarkets in underserved communities, an increase in pharmacist-led health clinics, hundreds of carbon reduction initiatives across its business and continued development of a state-of-the-art distribution center near Toronto.