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Retail

Lidl GB To Open 25 Stores This Year, Create 1,000 Jobs

German-owned discount supermarket Lidl GB said on Tuesday it was forging ahead with its expansion in Britain despite COVID-19, with plans to open over 25 new stores in the next six months, creating 1,000 jobs.

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.

Lidl GB also said it would invest £1.3 billion ($1.63 billion) in the UK in 2021 and 2022, including an additional 100 stores and 4,000 jobs.

By the end of 2023, Lidl aims to have 1,000 stores in Britain.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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