Good news on the job front. Loblaw is planning to build dozens of new stores and renovate more than 100 others this year, creating thousands of jobs in the retail and construction sectors. The company plans to build about 50 new stores and renovate 150 existing ones, including projects that started in January. The stores will include both grocery stores of various banners as well as Shoppers Drug Mart locations. Loblaw is not yet releasing information on where the new stores will be located, but the company plans to invest $1-billion in the expansion.
Loblaw already operates more than 2,300 retail stores. They include its grocery store chains such as Loblaws, No Frills and Real Canadian Super Store as well as Shoppers Drug Mart outlets and Joe Fresh apparel stores. (Globe and Mail, BN)