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Lidl eyes rapid UK expansion

by LLB Editor
24th Nov 21 10:05 am

The German discount supermarket chain Lidl has raised its store target to 1,100 by the end of 2025, creating up to 4,000 new jobs.

It comes as the supermarket chain reported a 12% rise in revenues to £7.7bn in the year to 28 February, despite the pandemic. It made a profit before tax of £9.8m compared with a loss of £25.2m in the previous year.

The company said it had repaid more than £100m in business rates relief it received during the pandemic, mirroring moves by other supermarkets that performed well during the crisis, unlike other businesses.

Christian Härtnagel, the chief executive of Lidl GB, said: “We continue to see tremendous opportunity in the market and that is why today we are announcing our new target of 1,100 stores by the end of 2025.”

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