Retailer Loblaw to invest $1.55 billion in Canada in 2025, to create 8,000 jobs

Loblaw Companies

19/02/2025 11:13

Feb 19 (Reuters) - Canadian retailer Loblaw  L.TO  said
on Wednesday it plans to invest C$2.2 billion ($1.55 billion) in
renovating existing stores, opening new ones and create about
8,000 jobs this year.
    The company also expects to invest more than C$10 billion 
over the next five years, the company said.    
    


($1 = 1.4203 Canadian dollars)

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))