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Loblaw to invest approximately $1.2 billion in capital expenditures through remainder of 2026, opening more hard discount stores to help lower prices for more Canadians. Remaining 2026 capital expenditure investment will support additional new locations and planned store renovations as Loblaw responds to growing demand for value and convenient healthcare. BRAMPTON, Ontario, Sept. 01, 2026 (GLOBE NEWSWIRE) - Loblaw Companies Limited (TSX: L, "Loblaw" or the "Company") expects to invest approximately $1.2 billion in capital expenditures through the remainder of 2026 as it continues to expand and improve its grocery and pharmacy network in response to customer needs. The Company had previously announced plans to invest $2.4 billion in capital expenditures on a full year basis in 2026. With approximately half of that investment now deployed, the Company's remaining plans include accelerating the opening of new grocery stores and pharmacies, renovating existing locations, and continuing to develop new store formats and concepts. The Company now expects to open approximately 75 new locations in 2026, compared with approximately 70 planned at the beginning of the year. The increase reflects strong customer response to Loblaw's new locations and confidence in the formats where the Company is investing. The broader $2.4 billion capital investment program is expected to create approximately 9,700 retail and construction jobs in 2026. This is the second in Loblaw's 5-year plan to invest $10 billion in capital in Canada by 2030. "Canadians are being thoughtful about every dollar they spend. We see that in how they shop our stores, the brands they choose, and how they use our loyalty and ecommerce solutions," said Per Bank, President and CEO, Loblaw Companies Limited. "We have a significant investment program underway, and we're putting that capital behind the parts of our business that meets the needs of Canadians. That includes accelerating our network expansion efforts to reach more customers, faster." Building on strong first-half progress To date in 2026, Loblaw has opened 38 new grocery stores and pharmacies in Canada - 21 grocery stores and 17 Shoppers Drug Mart locations - with dozens more planned through the remainder of the year. "We're very happy with how our new stores are performing," said Mr. Bank. "As they mature, we're seeing strong double-digit same-store sales growth. That gives us confidence in our expansion strategy and in continuing to invest behind the formats customers are choosing." Investing in formats customers are choosing Loblaw's grocery expansion is focused predominantly on its No Frills and Maxi banners, as more Canadians choose hard discount formats to help manage their household budgets. The Company is also using new stores to test different concepts and operating models. In Komoka, Ontario, a new-look No Frills store combines the banner's focus on low prices with a refreshed design and expanded fresh and prepared-food offering. In Dutton, Ontario, Loblaw introduced a smaller rural format with a curated 4,000-product assortment designed to provide a full-value grocery shop more efficiently in smaller communities. Loblaw is investing in the stores Canadians already use as well. The Company's 2026 capital program includes renovations to more than 190 existing locations, with investments ranging from refreshed food and fresh offerings to improvements on the right-hand side of the store. The capital investment is part of a broader focus on customer value. Since 2022, the share of Loblaw grocery sales purchased on promotion has increased four percentage points, while No Name promotional sales have grown 18%. In the second quarter, ecommerce sales increased nearly 20% year over year. Expanding convenient access to healthcare Equally important is the Company's continued investment in its Shoppers Drug Mart and Pharmaprix network, opening new pharmacies while improving existing stores and expanding pharmacy and healthcare services. New concepts include refreshed Beauty and front-store experiences and a food realignment designed to bring customers more convenience, value and multicultural products. Seventeen locations have completed the food realignment to date, with 43 expected by year-end. Investing behind growth Beyond its Canadian investment program, Loblaw continues to expand banners with significant growth potential. In June, T&T Supermarket opened its first California location in San Jose, generating the highest first-week sales of any store opening in Loblaw history. Two additional California locations are planned in 2026, alongside T&T's continued growth in Washington state. Taken together, Loblaw's remaining 2026 investment reflects a strategy of putting capital behind areas where customer demand is strongest - expanding its network, improving existing stores and pharmacies, and testing new formats that can deliver greater value, convenience and access to care. About Loblaw Loblaw is Canada's food and pharmacy leader, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy and health services, other health and beauty products, apparel, general merchandise and wireless mobile products and services. With more than 2,800 locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada's largest private sector employers. Loblaw's purpose - Live Life Well(R)- puts first the needs and well-being of Canadians who make one billion transactions annually in the Company's stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,100 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart(R) and Pharmaprix(R) locations and in close to 500 grocery stores; affordable Joe Fresh(R) fashion and family apparel; and four of Canada's top-consumer brands in Life Brand(R), Farmer's MarketTM, no name(R) and President's Choice(R). Questions? Email [email protected]. FORWARD-LOOKING STATEMENTS This News Release contains forward-looking statements about the Company's objectives, plans, goals, aspirations, strategies, financial condition, and capital investment plans. Specific forward-looking statements in this News Release include, but are not limited to, statements with respect to the Company's anticipated capital investments, store growth, store renovations, and store concepts. Forward-looking statements are typically identified by words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "strive", "will", "may", "should" and similar expressions, as they relate to the Company and its management. 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 to differ materially from those expressed, implied or projected in the forward-looking statements, including those described in the Company's Management Discussion & Analysis ("MD&A") in the 2025 Annual Report, and the Company's Annual Information Form ("AIF") for the year ended January 3, 2026. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's expectations only as of the date of this News Release. Except as required by law, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. 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Loblaw brings back 'Buy Canadian' labels as grocer faces ongoing price-fixing fallout. Aug 31, 2026 Loblaw Companies Ltd. is putting country-of-origin stickers back on its grocery shelves following public pushback over stores that had quietly stopped using them. The major grocer announced it is reintroducing the labelling system across its fresh produce aisles, restoring the maple leaf symbol for Canadian-made and Canadian-prepared goods, and reinstating the "T" tag to identify items impacted by counter-tariffs. The decision comes as the corporation continues working to rebuild consumer trust in the wake of a major $500-million bread price-fixing settlement. Against that backdrop, clear shelf labelling carries heightened significance for shoppers navigating both corporate accountability and rising grocery costs. What is changing on store shelves. According to Loblaw, the decision to reintroduce these labels is a direct response to customer demand for transparent product origin details amid trade tensions and tariff shifts between Canada and the U.S. The change follows online feedback from shoppers who noticed missing country-of-origin tags on produce displays or reported instances of mislabelled items. Government officials have also emphasized the push, with Industry Minister Mélanie Joly publicly encouraging consumers to support domestic producers as a way to protect local jobs and strengthen Canada's economic position. Join 19,000+ readers and get Money.ca's best stories and exclusive interviews first - clear insights curated and delivered weekly. Subscribe now. Why consumer pressure worked. Industry analysts note that "Buy Canadian" sentiment remains a powerful driver for shoppers, making clear labelling essential for customer retention. As University of Guelph food economist Mike von Massow observed, "Canadians have spoken." At the same time, experts point out that tracking country of origin is increasingly complex in an integrated North American supply chain, where raw agricultural ingredients often cross borders multiple times during processing before reaching grocery shelves. "Product of Canada" vs. "Made in Canada" Understanding label terminology helps shoppers prioritize local options: * Product of Canada: Indicates that virtually all major ingredients, processing and labour are domestic. For fresh produce, this guarantees the item was entirely grown and harvested in Canada. * Made in Canada / Prepared in Canada: Means the product underwent substantial processing or manufacturing in Canada, even if some raw ingredients were imported (such as imported fruit concentrate blended and bottled at a Canadian facility). Both labels serve distinct regulatory functions, but "Product of Canada" remains the most direct indicator of entirely domestic sourcing. Spotting the "T" tariff symbol. The "T" symbol was originally introduced when Canadian counter-tariffs were enacted on select U.S. imports. The tag flags products directly impacted by border duties, helping consumers understand that price adjustments reflect tariffs, not standard retail markups. Shoppers will see the "T" icon applied to affected U.S. imports - including select seafood, honey and packaged goods - as updated inventory rolls out. Practical tips for the checkout counter. * Prioritize "Product of Canada": Look for this specific phrasing if avoiding foreign-sourced agricultural content is your primary goal. * Recognize local processing: "Made in Canada" designations still support domestic manufacturing and processing jobs. * Identify tariff tags: When an item marked with a "T" shows a higher price point, the increase reflects the border tariff. * Verify unclear signage: If a label seems inconsistent or missing, ask store personnel for clarification before purchasing. You may also like. * This 7-step plan from Dave Ramsey is designed to help you ditch debt, save more and build wealth - here's how it works * Prioritize these 4 critical investments and watch your net worth skyrocket * Here are 8 solid money moves that could free up real cash every month - here's where to start * Millionaires under 43 are reshaping investing - just 25% of their portfolios are in stocks. Here's where their money is going The most expensive financial mistakes are often the ones you don't see coming. Join 19,000+ Canadians who get the money moves, risks and opportunities shaping their finances - delivered free each week. Subscribe now. Amy Tokic is an SEO content editor for Money.ca. She holds a B.A. in Communications from the University of Windsor. Amy is an award-winning author and has been writing professionally for 15 years, publishing articles in the lifestyle and health sectors. News - Aug 30 Explore the latest. Disclaimer. The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities enter into any loan, mortgage or insurance agreements or to adopt any investment strategy. 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