Loblaws looks to invest $2.4B in 2026, open 15 new stores in Quebec
Posted February 23, 2026 8:27 am.
Last Updated February 23, 2026 1:08 pm.
Loblaws says it plans to spend $2.4 billion to expand and renovate its store network and supply chain capabilities this year as it looks to open 70 new stores across Canada, including 15 new stores in Quebec.
The retail giant said its expansion in Quebec could create 1,985 jobs in 2026.
Loblaws also says its plan includes 34 new Shoppers Drug Mart/Pharmaprix pharmacies and care clinics and 31 No Frills and Maxi stores. The new stores will come as the company also renovates 191 stores.
Last week, the company opened a new Maxi store on Sainte-Catherine Street which would employ 70 people, adding to a total of over 200 stores in the province.
The spending is part of the company’s five-year plan to spend $10 billion by 2030.
Loblaws is expected to report its fourth-quarter and full-year results on Wednesday.
— With files from The Canadian Press
