Aldi and Lidl See Continued UK Growth And Plan To Invest £2 Billion For Expansion Push

March 25, 2018: 12:00 AM EST

Brexit has not deterred the growth ambitions of Germany’s biggest discount groceries in the U.K., with Aldi on track to grow its presence from 762 to 1,000 stores by 2020 while Lidl expects to increase future store count from 710 to 1,500. In 2018 alone, Aldi is allotting £1 billion to grow its business and Lidl invested £1.45 billion for the period 2017-18 with the goal of opening 50 stores this year. The two discounters combined are expected to account for 15% of the UK grocery market by 2020. In contrast, business expansion at Tesco, Sainsbury’s, Asda and Morrisons has slowed, resulting in job cuts to compete with their lower-cost rivals. While traditional retailers have attempted to mirror a similar discount format, they question the sustainability of the cut-price model used by Aldi and Lidl, particularly amid falling profits and the rise of tech-savvy newcomers such as Amazon.[Image Credit: © Aldi Stores Limited]

Domains

RETAIL BUSINESS
Market News
Operations

Geographies

Worldwide
EMEA
Europe
United Kingdom

Aldi and Lidl See Continued UK Growth And Plan To Invest £2 Billion For Expansion Push

Domains

Geographies

Categories

See also: