Loblaws Announces It Will Invest $1.3 Billion In Canada To Create 20,000 Jobs In 2016

Exteriors of the  Loblaws Real Canadian Superstore at Don Mills Rd. and Eglinton Ave. East.
MAY.26.2004  photo by Fred Lum/The Globe and Mail
DIGITAL IMAGEExteriors of the Loblaws Real Canadian Superstore at Don Mills Rd. and Eglinton Ave. East. MAY.26.2004 photo by Fred Lum/The Globe and Mail DIGITAL IMAGE

DESIBUZZbc (1)-RedLoblaw remains Canada's largest network of corporate and independently owned retail stores, each employing between 20 and 300 employees. This investment is expected to create nearly 20,000 jobs through store staffing and construction. "We continue to invest in our business in ways that matter for the Canadian economy and the millions of Canadians who shop with us each week," said Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited. "Our investment will create local jobs and bring nutrition and wellness solutions closer to home."

BRAMPTON – Loblaw Companies Limited, Canada's food and pharmacy retail leader, will invest approximately $1 billion into its Canadian retail business in 2016, with the balance invested by Choice Properties REIT. The investment includes construction projects for approximately 50 new stores and 150 renovations to existing stores, increased e-commerce expansion, and IT infrastructure and supply chain projects. In addition, Choice Properties REIT, expects to invest in the growth, development and quality of its retail real estate portfolio which includes the construction of approximately 730,000 square feet of gross leasable area.  

Loblaw remains Canada's largest network of corporate and independently owned retail stores, each employing between 20 and 300 employees. This investment is expected to create nearly 20,000 jobs through store staffing and construction.

"We continue to invest in our business in ways that matter for the Canadian economy and the millions of Canadians who shop with us each week," said Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited. "Our investment will create local jobs and bring nutrition and wellness solutions closer to home."

Loblaw to investBrand-D-LogoLoblaw Companies Limited is Canada's food and pharmacy leader, the nation's largest retailer, and the majority unitholder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 192,000 full- and part-time employees, making it one of Canada's largest private sector employers.

Loblaw's purpose – Live Life Well – puts first the needs and well-being of Canadians who make one billion transactions annually in the company's stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at more than 1,250 Shoppers Drug Mart and Pharmaprix locations and more than 500 Loblaw locations; no-fee banking with PC Financial; affordable Joe Fresh fashion and family apparel; and three of Canada's top consumer brands in Life Brand®, no name® and President's Choice®. Through the PC Plus™ and Shoppers Optimum® loyalty programs, more than one in every three Canadians are rewarded for shopping with the companies

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