Loblaw to Invest $2 Billion in Canada In 2024, Opening 40 New Store Locations
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Loblaw Companies Inc. is Canada’s food and pharmacy leader, largest retailer, and private-sector employer. In its latest announcement, Loblaw will invest more than $2 billion in the Canadian economy in 2024.
They stated more than 7,500 jobs in Canada are expected to be created by relocating or expanding ten additional stores and renovating 700 of its 2,500 locations across the country.
Additionally, Loblaw plans to introduce more than 40 new discount stores and 140 new pharmacy care clinics. Loblaw offers Canadians food, pharmacy, beauty, apparel, financial services, and so much more through its many brands: President’s Choice, No Name, Loblaws, Shoppers Drug Mart, No Frills, Real Canadian Superstore, T&T, Joe Fresh, PC Express, PC Financial, and PC Optimum.
The company does not state the locations of these new stores and the ones being renovated or expanded.
References
Wilcox, D. (2024, February 20). Loblaw says it will open 40 new stores, invest $2B in Canada in ’24. RENX. https://renx.ca/loblaw-says-it-will-open-40-new-stores-invest-2b-in-canada
Loblaw Companies Limited. (2024, February 20). Loblaw to invest more than $2 billion in the Canadian economy, creating thousands of jobs and opening more than 40 additional stores. https://www.loblaw.ca/en/loblaw-to-invest-more-than-2-billion-in-the-canadian-economy-creating-thousands-of-jobs-and-opening-more-than-40-additional-stores/
Toneguzzi, M. (2024, February 20). Loblaw announces $2 billion investment in Canada for 2024 with dozens of new stores and 7,500 new jobs [expert comment]. Retail Insider. https://retail-insider.com/retail-insider/2024/02/loblaw-announces-2-billion-investment-in-canada-for-2024-with-dozens-of-new-stores-and-7500-new-jobs-expert-comment/
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