Loblaw Companies Limited has announced that it will spend $2.4 billion in 2026 to expand and renovate its store network.

The company aims to open 70 new stores across the country in 2026, including 34 Shoppers Drug Mart / Pharmaprix pharmacies and care clinics, and 31 No Frills and Maxi stores delivering value to communities. These new locations, along with the renovation of another 191 stores, and the continued construction of its roughly 1.2 million square foot automated distribution centre in Caledon, Ontario, will create an anticipated 9,700 retail and construction jobs from coast to coast.

This is the second investment in the company’s five-year plan to spend $10 billion by 2030.

“Our success depends heavily on the strength of the communities we serve,” said Per Bank, President and CEO, Loblaw Companies Limited. “We see this as a significant investment in our network and capabilities as one of Canada’s largest retailers.”

Every part of Canada will see investment:

• Eastern Canada – 4 new stores and more than 600 jobs
• Quebec – 15 new stores and more than 1,985 jobs
• Ontario – 27 new stores and 3,775 jobs, including roles associated with the company’s two new automated distribution centres in Southern Ontario
• Western Canada – 24 new stores and more than 3,400 jobs