Lidl to open 1,100 new stores in the UK over the next four years

Lidl has announced that it will expand to the UK high streets as it aims to open 1,100 more stores by 2025.

Discount supermarkets see a 12 percent increase in sales during the pandemic due to their position As an ‘essential’ retailer.

Figures published on Company House show a profit of £7.7 billion for the year to the end of February.

The Bolton News: Liddle (Steve Parsons/PA)Liddle (Steve Parsons / PA)

Christian Hartnagel, Chief Executive of Lidl GB, said: “We delivered an impressive business performance over this period, which was supported by our continued investments in new and existing stores, product innovation and our people.

“All of these contributed to the growth in our revenue and profits and placed us well positioned for further growth in the years to come.”

Lidl said it will reduce plastics in its self-brand packaging by 40 percent by 2025 to suit its environmentally conscious customers.

The supermarket already opened 55 stores during the first year of the pandemic and spent £9.5 million on hourly pay increases and £9.5 million on bonuses during the COVID-19 crisis.

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