14:30:04 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Loblaw Companies Ltd
Symbol L
Shares Issued 320,992,609
Close 2023-06-09 C$ 116.46
Market Cap C$ 37,382,799,244
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Globe/CP say Loblaw's T&T expanding into U.S.

2023-06-09 08:45 ET - In the News

The Globe and Mail reports in its Friday edition that Loblaw's T&T Supermarkets is expanding into the U.S. with a store in Bellevue, Wash., set to open next summer. A Canadian Press dispatch to The Globe reports that the 76,000-square-foot store will create more than 300 jobs and be the largest Asian supermarket in the state. The new store will be a flagship for the brand, said T&T chief executive officer Tina Lee. It will be one of just three stores of that size, the others being a Richmond location and a new one in Montreal. Ms. Lee said the company has been noticing a significant number of shoppers from the U.S. at its Richmond stores, especially over the American long weekends. Over time, that trend made opening a store in Washington State an obvious choice, she said. Loblaw bought T&T in 2009. T&T currently operates 33 stores in British Columbia, Alberta, Ontario and Quebec. It has continued expanding over the years, launching an e-commerce platform in 2020, entering Quebec in 2022 and, most recently, opening a new location in Toronto in May. Ms. Lee said T&T's continuing expansions show that its appeal has only grown over time, with shoppers from every walk of life interested in what it has to offer.

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