As of Oct 7, 2017, there were 2,440 stores systemwide across Canada, including 565 company-operated stores, 531 franchised food stores and 1,333 franchised drug stores.
In fiscal 2016, the company closed 18 net Loblaw stores, systemwide, and opened 13 net Shoppers Drug Marts. Additionally, all Joe Fresh stores in the US were closed during this time. During the first nine months of fiscal 2017, the company closed 2 net Loblaw stores, systemwide, and opened 7 net Shoppers Drug Marts.
As of year-end, 72% of corporate real estate was owned and 47% of franchise real estate was owned. Corporate stores average 63,200 square feet and franchise stores average 30,600 square feet. Drug stores average approximately 13,700 square feet.
|Total gross square feet (M)||70,200||70,200||69,900||70,000||51,900||51,500|
|Total gross square feet growth||0.6%||0.4%||-0.1%||34.9%||0.8%||0.6%|
|Avg store gross sq ft||28,900||29,000||28,800||28,600||48,700||48,900|
|Avg store gross sq ft growth||-0.0%||0.6%||0.5%||-41.2%||-0.5%||-0.1%|
Notes:Includes company-operated and franchised stores; reflects the acquisition of Shoppers Drug Mart in Q2 2014