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Loblaw spending $2 billion on expansion, renovation – hiring more than 6,000 new workers

Grocery and pharmacy giant Loblaw is planning a major expansion in Canada this year with plans to spend more than $2 billion.

That includes opening 38 new and/or relocated stores and converting or renovating nearly 600 others, it said — and creating more than 6,000 new jobs in the process.

Over the past five years, Loblaw’s capital investments have evolved with the grocery landscape, driven by digital innovation and technology, it said in a press release. This year, it is focusing on its core retail experience, expanding its presence in communities, modernizing its supply chain, and making food and healthcare more accessible, it said.

“For decades, Loblaw has made significant investments in the Canadian economy – creating jobs and opportunities in our company and others,” said Galen G. Weston, president and chairman, Loblaw Companies Limited. “By growing and innovating, we are advancing the priorities that matter to customers: outstanding shopping experiences, affordable options, and support for their health and wellness. This investment lives up to our purpose of helping Canadians live life well.”

The company currently employs about 220,000 Canadians, and said it is the largest private workforce in the country.