Loblaw opens 16 new locations on its path to delivering more value and convenience for Canadians
Over the past few months, the company has built and opened 9 new stores, and converted 7 others. The conversions have largely focused on expanding the company's hard-discount stores, Maxi and No Frills, as Canadians continue to look for ways to save on their grocery bills. These stores provide significant value to customers, with lower prices on average and a price match guarantee.
"As a Canadian company, our purpose is to help our colleagues and customers live life well, and when it comes to groceries, the best way we can do that is by making good food affordable," said
The new stores are part of a larger announcement in February of this year, whereby the company committed to a capital investment of more than
To learn more please visit: https://www.loblaw.ca/en/loblaw-to-invest-more-than-2-billion-in-the-canadian-economy-creating-thousands-of-jobs-and-opening-more-than-40-additional-stores/
This News Release contains forward-looking statements about the Company's capital expenditure plans and their impact. Forward-looking statements reflect the Company's estimates, beliefs and assumptions, which are based on management's perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. The Company's estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. The Company can give no assurance that such estimates, beliefs and assumptions will prove to be correct. Numerous risks and uncertainties could cause the Company's actual results, and the impact of the capital expenditures described in this News Release, to differ materially from those expressed, implied or projected in the forward-looking statements, including those described in the Company's MD&A in the Company's 2022 Annual Report and in the Company's 2022 Annual Information Form for the year ended
Loblaw's purpose is to help Canadians live life well. It makes good food affordable, health, beauty and wellness accessible, saving for the future possible, and essential style achievable.
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