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Discounter announces 1500 new jobs over the next five years

London (AFP) – The discount store Lidl wants to expand further in the London area. Over the next five years, 40 new stores are planned in and around the British capital, Lidl said on Wednesday – including one in the popular London shopping street Tottenham Court Road. Lidl UK is also building a new headquarters southwest of London, where 800 people are expected to work.

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Sign at a Lidl branchView image

Sign at a Lidl branch

© AFP

Altogether, 1500 new jobs would be created in the next five years, explained Lidl. Overall, the company invested in this time 500 million pounds (563 million euros).

"It's been 25 years since we started in London, and since then we've opened almost 90 branches with more than 5,000 employees," said Christian Härtnagel, head of Lidl in the UK. Throughout the country, there are now 760 branches and 13 logistics centers, Lidl employs more than 22,500 people.

Lidl and rival Aldi have grown strongly in the UK in recent years. Recently, Lidl had a market share of 5.8 percent, at Aldi it was 8.0 percent. The British supermarket chain Tesco still has a market share of over 27 percent – however, the sales of the two German discounters continue to grow strongly, while those of the competition are slow to climb or stagnate.

The number two and three on the British market, Sainsbury's and Asda, had recently failed with their plan to merge. The UK regulator prohibited the project because of fears that prices for consumers could rise.

Article from 12.06.2019

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