Loblaw Companies Limited, Canada’s food and pharmacy retail leader, will invest more than $1.2 billion into its Canadian business in 2015. In addition to expanding and renovating dozens of new and existing stores, Loblaws investment will also go into e-commerce expansion, as well as supply chain and IT infrastructure.
As Canada’s largest network of corporate and independently owned retail stores each employing currently employs between 20 and 300 people, this newly announced investment is expected to create more than 20,000 jobs. Admittedly most of those will be in construction.
“While we continue to invest in the IT and infrastructure engines of our business, we’re increasingly making investments that Canadians will see with their own eyes – improving our offer, adding stores, and creating jobs locally,” said Galen G. Weston, Executive Chairman and President, Loblaw Companies Limited. “True to our strategy, our investment will create better access to fresh food, wellness solutions closer to home, e-commerce convenience, and a family of stores that elevate grocery, pharmacy, apparel and banking experiences.”
