Loblaw expansion plans: build 50 new stores, renovate 100
Canada’s largest supermarket chain has big plans for expansion this year, as it increases its footprint in the competitive grocery market.
Loblaw Companies Ltd. (TSX:L) says it will build 50 new stores and renovate or improve more than 100 existing stores in 2015. The additions will be across the country, and Loblaw’s estimates it will create about 5,000 jobs at its corporate and independently-owned stores.