Grocery giant and Walmart rival confirms 70 new stores opening this year under $2.4million revamp plan

Loblaw, a major Canadian grocery retailer and Walmart rival, plans to invest $2.4 billion in 2026 to open 70 new stores and renovate 191 existing locations across Canada. This expansion is expected to create approximately 9,700 retail and construction jobs, with a significant portion dedicated to new pharmacies and hard-discount grocery stores. The move is part of a larger five-year, $10 billion investment strategy aimed at meeting consumer demand for value and strengthening its network.