No word on which Loblaw-owned stores are going to be closing down

The company, which owns No Frills, President's Choice Superstores and Shoppers Drug Mart, announced Thursday it's looking to boost operating income by closing 52 stores across Canada.

In response to our inquiry we received this statement from Bob Chant, Senior Vice President, Corporate Affairs and Communication:

"In the year since our acquisition of Shoppers Drug Mart, we have reviewed in detail all of our 2,300 locations. Through the process we identified 52 consistently underperforming and unprofitable stores that we will close. The list includes gas bars, Joe Fresh standalone stores and select pharmacies and grocery stores.  With the previously announced plan of $1.2 billion in capital spending, we are on track to grow the number of jobs in our network of stores this year.

Out of respect for our many stakeholders, including colleagues, vendors, landlords and others, we are not disclosing specific locations at this time."

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