Gro­cer open­ing a store ev­ery week

Daily Mail - - City & Finance -

LOW-cost gro­cer Lidl is ramp­ing up its ex­pan­sion plan by open­ing be­tween 50 and 60 su­per­mar­kets a year for the next two years as part of a £1.5bn in­vest­ment in the UK.

The move comes as new UK boss Chris­tian Hart­nagel seeks to en­sure the su­per­mar­ket re­mains the fastest- grow­ing gro­cer in Bri­tain.

He said: ‘That is the fastest we have ever grown in the UK and I ex­pect this to con­tinue for the fore­see­able fu­ture.’

Lidl, which al­ready has 670 shops in the UK, opened 35 su­per­mar­kets last year and has pre­vi­ously stated its long-term am­bi­tion to have 1,500 shops in the coun­try.

It grew 18.8pc in the 12 weeks to June 18 and now ac­counts for 5pc of the Bri­tish gro­cery mar­ket, while ri­val Aldi grew 18.7pc in the pe­riod. To­gether the two dis­coun­ters ac­count for 11.9pc of the mar­ket.

Lidl is also cur­rently in the process of build­ing a £70m dis­tri­bu­tion cen­tre in Don­caster – a move it says will cre­ate 500 jobs.

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