Loblaw increases the number of new stores planned for 2026

Loblaw Cos. Ltd., the parent company of Loblaws and Shoppers Drug Mart, has announced plans to open 75 new stores this year, up from earlier projections of around 70. Loblaw's CEO, Per Bank, stated that Canadians are being mindful of their spending and are carefully choosing brands and using loyalty programs. The company has invested $2.4 billion in store expansion for 2026, with around half of the funds already spent.

The remaining budget will be used for accelerating store openings, renovating existing locations, and developing new store formats. Loblaw's store openings have been focused on its No Frills and Maxi banners, with a focus on expanding discount grocery options across Canada as food inflation continues.