Lidl targets big cities for next wave of store openings

Currently operating 960 shops in England, Scotland and Wales, Lidl has published a wishlist of locations and said it is “eyeing major growth in cities including Edinburgh, Leeds, Liverpool, and London”.

The search for more premises comes after what Lidl described as “a year of significant investment in infrastructure to further strengthen operations”, including the opening of a global warehouse in Luton, which positions it for further growth.

Lidl has been the fastest growing bricks-and-mortar grocer for seven consecutive months, has reached a record market share of 8% and believes the addition of more stores will help it grab further share.

Lidl GB chief development officer Richard Taylor said: “With an exceptional store network and our laser focus on operational excellence, we’re welcoming more customers through our doors than ever before, which positions us perfectly for continued expansion.

“We’re planning to open hundreds of new Lidl stores but ultimately see no ceiling on our ambition or growth potential. This is why we’re continuing to invest in new locations while exploring innovative routes to expansion.”

As it seeks appropriate properties, Lidl will pay a finder’s fee of either 1.5% of total freehold purchase price, or 10% of the first year’s rent for leaseholds.