Lidl Hits “Record Market Share” as It Backs British Suppliers
The German discounter said 43 million more customers visited its shops as operating profit rose to £345 million and spending with British suppliers increased.
10 Articles
10 Articles
In the current financial year, more than 50 new Lidl branches are to open in the UK. Thus, the discounter hears the pressure on British supermarket chains and the competitor Aldi.
Lidl's market share last stood at 8.7 percent. Now more than 50 new branches are planned. Investment total: almost 600 million pounds.
Lidl attracts 43m extra visits as Lidl Plus investment fuels growth - InternetRetailing
Lidl GB has reported a sharp rise in sales and customer numbers, as digital investment and innovation play a growing role in driving shoppers into stores. The discounter welcomed an additional 43 million customer visits during the year, helping revenue increase by 10.8% to £13bn, up from £11.7bn a year earlier. Operating profit rose to £345m from £314m as shoppers continued to seek value amid ongoing pressure on household budgets. Higher footfal…
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