Lidl Invests €200 Million To Open New Stores, Renovate Older Supermarkets In Spain

Lidl Supermarkets said it has invested more than €200 million in Spain as part of the retailer's efforts to strengthen its expansion in the country. Representing its biggest annual budget in the 20 years of operations in Spain, the investment will finance the opening of 40 new stores, two times the number of stores opened in 2014. As of March 2015, Lidl has already opened 8 new supermarkets, bringing its store count to 530. Part of the investment will be used to fund the expansion and renovation of Lidl's oldest stores in the country.