Loblaw Cos. Ltd. said this week it plans to invest $2.2 billion in 2025 to grow its footprint, and by extension the Canadian economy. The company’s plans include 80 new retail stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix, and T&T banners, among them some 50 discount stores.
It will also renovate more than 300 existing grocery stores and pharmacies as well as updating its supply chain. The latter initiative includes the opening of a 1.2 million-square-foot warehouse in East Gwillimbury, Ont.
