Loblaw to invest $1.2B in 2015

BRAMPTON, Ontario — Loblaw announced on Monday that it will invest more than $1.2 billion into its Canadian business in 2015 for new construction projects for dozens of new and existing stores, e-commerce expansion, and continued investment in supply chain and IT infrastructure.



Loblaw's investment is expected to create more than 20,000 jobs through store staffing and 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," stated Galen Weston, executive chairman and president, Loblaw. "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."