Loblaw expansion puts pressure on rivals

MISSISSAUGA, Ont. — Loblaw’s planned expansion could squeeze premium retailers like Whole Foods, analysts have told the CBC. The grocery giant announced it will invest $1.2 billion to upgrade over 100 stores this year and build another 50. According to industry watchers, the improvements, which come on the heels of Target Canada’s liquidation, could place added pressure on high-end food retailers like Whole Foods by making “premium” the new normal. Loblaw’s flagship in Toronto’s former Maple Leaf Gardens has already pioneered the banner’s new upmarket format.