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10h ago

Lidl Announces £500 Million Expansion Plan with Over 40 New UK Stores by Year-End

The discount retailer unveils a list of 200+ potential London sites, leveraging planning reforms to accelerate growth as it solidifies its position as the UK’s fastest-growing supermarket.

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Overview

  • Lidl confirms a £500 million investment to open more than 40 new stores across the UK by the end of its financial year.
  • The retailer has identified over 200 potential London sites, including high-profile areas like Mayfair, Chelsea, and Kensington.
  • Recent government planning reforms are cited as a key factor enabling Lidl’s accelerated development strategy.
  • Lidl’s latest accounts reveal a 16.9% revenue increase to £11 billion, with pre-tax earnings rising to £220.8 million.
  • The company holds a 7.8% share of the UK grocery market and remains the nation’s fastest-growing supermarket chain.