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Canada:  Loblaw Companies plans to invest approximately $1.3 billion

Canada: Loblaw Companies plans to invest approximately $1.3 billion

Abril 20, 2017

👤Periodista: María Alejandra Lopez Fuente: Business Insider 🕔20.Abr 2017

 

Loblaw Companies plans to invest approximately $1.3 billion into the Canadian economy in 2017, the company announced Thursday. The investment will expand and improve Loblaw’s network.

“Our investment will create improved retail experiences for customers and local jobs for communities,” stated Galen Weston, chairman and CEO, Loblaw Companies. “Our focus is clear. Across our network, we will provide greater access to fresh, affordable, innovative food and more robust health and wellness services for Canadians.”

Read Also: BMO cuts DavidsTea’s target price 40% amid companyreset

Loblaw expects to open 30 new stores and renovate more than 500 existing stores, including 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.

With more than 2,400 locations, Loblaw remains Canada’s largest network of corporate and independently owned retail stores, and one of Canada’s largest employers, with a combined workforce of approximately 200,000.

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