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18h ago

Lidl Unveils £500 Million Expansion Plan with 40 New UK Stores Targeted

The discount supermarket eyes over 200 potential London sites, leveraging government reforms to accelerate growth and approach 1,000 locations.

Overview

  • Lidl has committed £500 million to expand its UK operations, aiming to open 40 new stores by the end of its next financial year.
  • The retailer has identified over 200 potential locations in London, including areas like Mayfair, Chelsea, Notting Hill, and Angel.
  • Recent UK Government planning reforms are facilitating the removal of development barriers, supporting Lidl's growth ambitions.
  • The chain, currently the fastest-growing UK supermarket, holds a 7.8% market share and recorded a 16.9% revenue increase to £11 billion last year.
  • With over 980 stores already in operation, Lidl's expansion marks a significant step toward its goal of reaching 1,000 locations in Great Britain.