Canadian retailer Lowlaw has said it is planning to open more large superstores with an investment of CAD1.4bn ($1bn) next year.

The investment is a 10% increase on last year as it aims to strengthen its position within the Canadian retail market and prevent Wal-Mart from gaining any share, according to media reports today.

Loblaw has 13 Real Canadian Supertores in Ontario and it may open 10 more in the area over the next year.

The company may also extend its non-food ranges. It currently holds the number two position after Wal-Mart in patio furniture, with a market share of 18%.