Discounter Lidl opens its 700th store in the UK
Supermarket chain Lidl has hit a milestone of 700 stores in the UK, after it opened five new stores in one day.
The new stores, which started trading on Thursday, are in Edinburgh, Stockton, Hull, Polegate and Rosehill, in south London.
The discounter said it would open 19 new shops in the first two months of 2018, creating more than 700 new jobs.
The German-owned company plans to open more than 50 new outlets this year.
Lidl’s first supermarket in the UK opened in 1994.
It now has a 5% share of the market and employs more than 22,000 people.
Rival Aldi has more than 750 stores, giving it a 6.9% share of the market, and has more than 30,000 staff.
It plans to open 70 new stores this year and says it will have more than 1,000 by 2022.
Discounters such as Aldi and Lidl have shaken up the supermarket sector, putting huge competitive pressure on mainstream chains, including market leader Tesco and Sainsbury’s.
As a result, grocers have had to cut costs – and labour is one of their biggest costs.
Earlier this year, both Tesco and Sainsbury’s announced jobs cuts in stores as a result of cost-saving measures.
Source by BBC