Loblaw has announced plans to increase its investment in 2017, but said it will open fewer stores than last year and will instead focus on revamping existing outlets.
The grocery giant said it will spend C$1.3bn this year, which it will use to open 30 new outlets and refurbish 500 stores. The money will be spent on the “the continued roll out of Click & Collect e-commerce, improved health and wellness services, and the inclusion of fresh food at select Shoppers Drug Mart locations”.
Loblaw, which currently operates around 2,400 outlets, opened around 50 new outlets and revamped 150 others in 2016, while investing C$1bn. This year’s investments are expected to create around 10,000 retail, trade and construction jobs in Canada.