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Loblaw's $2.4 Billion Plan: 70 New Stores by 2026

2/23/2026

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Story summary
  • Loblaw Cos. Ltd., the retailer, plans a $2.4 billion investment in 2026.
  • The company aims to open 70 locations, including 34 Shoppers Drug Mart and Pharmaprix pharmacies and 31 No Frills and Maxi stores.
  • Loblaw will renovate 191 existing stores as part of a five-year plan to invest $10 billion by 2030.
  • Caledon, Ontario will host a new automated distribution center.
  • Loblaw will report its fourth-quarter and full-year results soon.