Loblaw to spend $2-billion to expand business in 2023, create 6,000 jobs

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Loblaw also expects to use the investment to grow and improve its stores; it said it will open 38 new or relocated stores and renovate or convert nearly 600 others

Currently, the retailer’s network of corporate and independent operations employs about 220,000 Canadians.

In February, the company had forecast annual earnings above analysts’ expectations after it posted upbeat fourth-quarter results, helped by steady demand for groceries, cough and cold medicines, as well as high-margin beauty and cosmetics products.Your Globe

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Great

theJagmeetSingh guess this puts a little crimp in pretending that your fighting for Canadians.

The grocery gouging business is a booming for the owners, any chance of getting beck some of the $12 million of taxpayers money that Trudeau gave away?

I told Singh! He better shut this down!!!🤣😂🤣😅

How much of that 2 billion came from the liberal regime?

Honh. theJagmeetSingh

This where profits after taxes are paid goes. The NDP and Liberals need to understand this.

theJagmeetSingh but but but

Don't tell Jagmeet!

Working in the O&G industry higher wages, better benefits and more jobs and yet Trudeau hands over citizens taxes to Loblaws, Canada has gone to Pot.

Aww. So it’s all okay now. Is that the point? Are they also matching their employees wages to reflect the justinflation ?

theJagmeetSingh hey gagmeat check it out. You really need to figure out your 'excess profit' idea ya got going on.

theJagmeetSingh 2000x his raise

Finding ways to charge us more!! Shysters!!

Well they made enough with their price hikes

So what do you say Jag?🤡🖕🏻

How much of that was exploited from workers in wage fraud?

theJagmeetSingh opposes new jobs and stores for Canadians to shop in. He wants to tax away the profits to prop up his corrupt buddy trudeau cdnpoli

Was the $12 million tax $$ Trudeau gave them just to kick back to the liberals? They obviously didn’t need the money.

theJagmeetSingh you going to cry about this aswell instead of voting against Trudeau and his farce carbon tax hike?

Amazing all of the sheep (or bots) carrying the water for a corporate villain in the comments here. Part-time jobs. Poverty wages. Funded through price gouging. This is a prime example of everything wrong with capitalism. cdnpoli Loblaws greedflation

Hopefully libs give them money for freezers

Hey theJagmeetSingh, $2b in Cdn investment and 6,000 jobs to be created. Yet you still continuously rail these guys. They're putting up, time for you to shut up and keep your greedy socialist mits to yourself. JagmeetTheGrifter OrangeLiberal GriftingJimmySingh

This is pretty much BS. Any expansion they are planning will just take business away from other companies causing them to fire people and or go out of business. Probably a net loss of jobs.

Love this.

Guess we should be thankful that the NDP antics didn't chase them out.

👍🏿👍🏿 can we get safe unpasteurized dairy?

I'm sure theJagmeetSingh sing will find an issue... find anything to pretend he's one tough leader

Yet a cashier at 11 Redway Toronto location said that she was under no obligation to bag my groceries. Who knew?!

is jagmeet ok?

Jag aka hag meet? theJagmeetSingh

Can’t wait to hear what Jagmeet has to say about this!

theJagmeetSingh starting to understand capitalism now perhaps?…..not bloody likely. cdnpoli abpoli NDP RachelNotley

jagmeet looked into Galen's eyes and man was so scared he committed to expanding the grocery chain in 2023

theJagmeetSingh you got mail

JagTurd MeetTurd!!!💩💩 theJagmeetSingh When are you gonna ask ROLEX to lower their prices too so everyday Canadians can afford them? Maybe Canadians should have made in China Rolex instead?🇨🇳🫡 TikTok Jag... TikTok...

What's that? A company uses its profits to expand its operations and create new jobs? But I thought only the government could create new jobs?

I thought there were food shortages? How could a grocery chain be expanding when the main stream media kept claiming there were food shortages? Oh riiiight....it was all fear propaganda

Means they made more than $2 billion profit.

Now what is theJagmeetSingh going to complain about. See how markets work. When you make profits you invest.

6,000 jobs *that will be filled with people who accomplish more and are more beneficial to this country than theJagmeetSingh 👍

theJagmeetSingh Looks like evil big grocery is in the business of supporting Canadians, investing in their business and creating 6000 jobs. Be like big grocery, not the liberal lap dog you have been.

Oh my God is this how capitalism works? Somebody check in on theJagmeetSingh.

BREAKING: Jagmeet will call Galen to appear before a House Committee to find why he’s investing so much money in his grocery/drug store business and employing so many more people. Over to you theJagmeetSingh

And that is why chicken runs $40 /kg

Awesome. That's what happens when companies make money!

Did Galen ask permission from theJagmeetSingh?

theJagmeetSingh thoughts?

I'm telling Jagmeet.

Gotta spend those mega-profits somewhere, hey?

Will these jobs pay a living wage?

6000 jobs. And they will fight tooth and nail to avoid paying any kind of decent wages to the workers enabling their shocking profit margins.

Still won't shop there anymore.

Let's go loblaws

6000 part time jobs 😝

theJagmeetSingh Care to congratulate Galen Weston for his planned new job initiative? Gee, Why not? Cat got your tongue?

Galenflation CdnMediaFailed

Got it. Was that Galen himself on the phone, Globe&Mail?

Maybe the now they can open a second register instead forcing everyone into self-checkout

Gotta spend the “gouge” cash somewhere. Low/middle class are hurting. Food banks seeing record numbers.

Good Full-time jobs, with a Living wage, benefits and paid sick days?

2billion to remove self check out machines

“Loblaw to spend $2-billion to expand” Awash with cash they don’t want to report record profits again. Instead they will invest it and reap record profits when the spotlight moves away. “Galen Weston got a 55 per cent raise last year” CBC 5-Apr-23

Which business? For-profit healthcare?

Times are tough, eh folks...well not for Loblaws for some reason.

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Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Matthew Lau: Galen Weston deserves his raise, which is Loblaw’s business not anyone else’sRewarding corporate executives for good performance resonates with employees and investors — via fpcomment fpcomment This is a Conservative view. fpcomment Boycott Loblaws fpcomment It is my business when his grossly exorbitant salary results in higher food prices!
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