Lidl’s investment in 51 new UK shops sends it into the red

German grocer’s online sales grow to nearly 14% of market but it intends to focus on bricks and mortar stores

Lidl’s British business fell £25m into the red last year despite ringing up strong sales growth after it invested in opening new shops in the UK.

The company, which has 800 outlets in England, Scotland and Wales, said the losses followed investment of £654m in 51 new stores, the extension of 13 more sites, and the opening of a new distribution centre in Motherwell, Scotland.

Continue reading…

Comments (0)
Add Comment