Lidl targets 1,100 UK stores by 2025 as grocer returns to profit

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idl Great Britain returned to profit in the year in February, with the grocer saying it unveiled plans to further expand its UK store empire and create 4000 new jobs.

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The GB branch of the German discounter employs about 26,000 people here and has about 860 branches, of which over 100 are in London.

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It said today that it is on track to reach 1000 stores by the end of 2023 and 1100 branches by December 2025.

It was classified as an ‘essential’ retailer during the year and allowed to remain open during the lockdown.

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The retailer posted a pre-tax loss of £25.2 million after heavily investing in the business ahead of the coronavirus crisis.

But new accounts show it reported a pre-tax profit of £9.8 million in the 12 months to February 28, 2021, and revenue rose 12% to £7.7 billion.

Christian Hartnagel, CEO of Lidl GB, said: “Looking ahead, we remain confident in our strategy, our store-first approach.”

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