Loblaw up after announcing $1.75 billion store investment

Loblaw Companies

23/02/2026 17:22

** Shares of Canadian retailer Loblaw L.TO up 2% at C$68.61

** Co to invest C$2.4 billion ($1.75 billion) in 2026 to boost its store network and supply chain

** Move would create about 9,700 jobs related to retail and construction

** Plans to open 70 new stores through 2026

** Compares to an investment of C$2.2 billion in the previous year

** Stock rose 31% in 2025

($1 = 1.3686 Canadian dollars)

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))