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Schwarz Group Plans To Invest €6.5 To Upgrade Lidl Stores

June 24, 2016: 12:00 AM EST
Schwarz Group said it plans to invest €6.5 billion to upgrade and renovate the stores owned and operated by its discount retail business Lidl. Part of the planned investments will be allocated to the company’s Kaufland chain of hypermarkets. Lidl and its rival Aldi have expanded their shares of the retail markets across Europe; however, they also have seen their shares suffer in their home market, Germany. Schwarz plans to invest more than €3 billion to make its Lidl stores in Germany more attractive to customers, as well as improve the shopping experience.
Luke Tugby, "Lidl owner Schwarz Group to plough £5bn into revamping stores", Retail Week, June 24, 2016, © EMAP Publishing Limited
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