Loblaw to invest $10 billion in store network and supply chain by 2030
Loblaw Cos. Ltd. plans to spend more than $10 billion over the next five years to grow its store network and modernize its supply chain.
That investment includes $2.2 billion this year to open 80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners.
Loblaw said it plans to open 50 hard discount stores in 2025 and renovate more than 300 grocery and pharmacy locations, including 100 new Shoppers Drug Mart pharmacy care clinics.
The investment will also support the modernization of the company’s supply chain, including the opening of the 1.2 million square-foot facility in East Gwillimbury, Ont.
Loblaw has spent more than $8 billion to expand and modernize its stores and supply chain since 2020.
"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, in a release. "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."
