Lidl has unveiled plans to invest £500 million into expanding its UK operations, as the discount supermarket giant accelerates its growth ambitions.
The German-owned chain aims to open more than 40 new stores in the current financial year – and has identified over 50 additional potential sites across Scotland for future openings.
The investment includes 14 confirmed upgrades or relocations in Scotland, supporting Lidl’s continued expansion in the country. The retailer currently operates more than 980 stores and 14 distribution centres across Scotland, England and Wales.
Lidl GB noted that recent planning reforms introduced by the UK Government are helping to “remove barriers to development” and unlock new opportunities.
The new investment follows a year in which Lidl opened 23 stores, with the brand now looking to significantly ramp up its expansion pace. The company is currently the UK’s fastest growing supermarket, according to industry data.
Figures from Kantar, published earlier this month, show Lidl’s sales rose by 9.1% in the 12 weeks to 24 March – outperforming many rivals in a highly competitive market.
The retailer’s published list of desired new locations across the country underlines its ambition to capture further market share, particularly in Scotland where demand for its low-cost offering continues to grow.