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German discount supermarket chain Lidl is set to increase its rate of expansion by opening 230 new stores in the next three years.
According to the Sunday Times, Lidl’s UK chief executive Christian Hartnagel said he plans to take the company’s store state to 1000 by 2023. This would see a marked increase in the pace of its expansion plans after it previously stated it aims to open 50-60 new stores each year.
The news comes after Lidl announced a £500m expansion plan for London in June, which will see the grocer open its first store in the West End.
The investment is planned for the next five years, and will enable Lidl to open over 40 new outlets in London, including in Alperton, East Acton, Hackbridge and Watford. The new store openings will also create around 1,500 additional jobs across Greater London.
It also follows investment into its logistics and distribution after it opened its 13th and largest Regional Distribution Centre (RDC) in Doncaster at the start of the year.
The warehouse, which represents a £70m investment in Lidl’s expansion and logistics, provides support to 53 Lidl stores across Yorkshire, Lincolnshire and the Midlands.
