Loblaw to invest $1.3 billion in Canadian economy in 2017
Loblaw Companies Limited, Canada’s food and pharmacy retail leader, in 2017 plans to once again invest approximately $1.3 billion into the Canadian economy, creating an estimated 10,000 retail, trade and construction jobs. The investment will expand and improve Loblaw’s network, including properties owned and operated by Choice Properties REIT.
Loblaw expects to open 30 new stores and renovate more than 500 existing stores, including the continued roll out of Click & Collect e-commerce, improved health and wellness services, and the inclusion of fresh food at select Shoppers Drug Mart locations.
“Our investment will create improved retail experiences for customers and local jobs for communities,” said Galen Weston, chairman and CEO, Loblaw Companies Limited. “Our focus is clear: Across our network, we will provide greater access to fresh, affordable, innovative food and more robust health and wellness services for Canadians.”
With more than 2,400 locations, Loblaw remains Canada’s largest network of corporate and independently owned retail stores, and one of Canada’s largest employers, with a combined workforce of approximately 200,000.