Loblaw eyeing 50 new stores in fiscal year

Loblaw eyeing 50 new stores in fiscal year

Loblaw Cos. said Tuesday it planned to spend around $1.3 billion (Canadian) in capital investments this fiscal year, accounting for around 50 new stores, 150 renovations and continued development of e-commerce capabilities and IT and supply chain projects.

The Brampton, Ontario-based retailer said it would provide around $1 billion, and its Choice Properties REIT division would provide the balance. Loblaw reported $1.24 bi

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