UK: Lidl targets 1,000 stores
Updated: Jul 31
Discount Retail Chain Lidl revealed ambitious plans to open 25 new stores over the next six months, which corresponds to one store per week. The discounter will create up to 1,000 new jobs in the UK by the end of this year.
Unlike the country’s big four grocers - industry leader Tesco, Sainsbury’s, Asda and Morrisons - Lidl and rival Aldi are continuing to open new stores, driving market share gains.
The German Discount Retail Chain has announced that it has investment plans of $ 1.63 billion for 2021 and 2022 including an additional 100 stores and 4,000 jobs for the British economy.
By the end of 2023, Lidl aims to have 1,000 stores in the UK.
The first Lidl UK store opened its doors in 1994 and 26 years later, it now has just more than 800 stores and 13 regional distribution centres across Britain, employing over 25,000 people.