As part of Loblaws’ plans to invest $2.2 billion (Canadian) this year, the supermarket retailer will open 80 new stores under a variety of banners.

It's set to be a big year for Loblaw as the company announced that it will open 80 new stores nationwide, creating thousands of jobs.

Canadian retailer Loblaw said on Wednesday it plans to invest C$2.2 billion ($1.55 billion) this year to renovate existing stores, open new outlets and create about 8,000 jobs. The company, which operates pharmacy chains including Shoppers Drug Mart and discount banners including No Frills and Maxi,

Loblaw says it's planning to open 80 new grocery and pharmacy stores this year, about 50 of which will be discount grocers.

Canadian food and pharmacy retailer Loblaw plans to invest more than C$10bn ($7bn) to enhance the company's store network and modernise its supply chain operations by 2030. The financial commitment is expected to generate 8,