Lidl GB Targets Market Share Gains With Faster Store Expansion
Lidl GB, the UK arm of the German discount supermarket chain, will accelerate new store openings to win market share from larger rivals, it said on Wednesday, as it reported a near fourfold jump in annual profit.
Lidl GB is currently Britain's sixth largest grocer but is poised to overtake Morrisons to become number five.
CEO Ryan McDonnell said the discounter sees an opportunity for "hundreds more stores".
Having opened 12 new stores in its year to February 28, 2025...
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