Lidl Invests $60 Million in New Facility and Announces 55 New Stores
ENGLAND AND SPAIN - While it certainly has not abandoned its stateside expansion plans, Lidl is adding extra momentum to its growth in Europe. The grocer recently invested in a slew of new projects, including its first zero-emission store, a massive $110 million-dollar facility in Ireland, and plans to open dozens of new stores in France. Now, Lidl has set its sights on strategic expansion in England and Spain—opening 55 new stores in the former, and erecting the Mediterranean’s largest logistics center.
"As part of ongoing national expansion plans, our dedicated property teams are working hard to identify suitable locations across England, Scotland, and Wales,” a Lidl spokesperson commented to SurreyLive. "This is for both new stores where there is demand for a Lidl, and existing stores that we would like to remodel for customers, which may require a relocation to do so.”
The grocer has selected Surrey and Hampshire in England as regions where it plans to build the 55 new stores, looking to establish a stronger presence in the market in those areas. Lidl is still somewhat flexible on the selection of locations, and is looking for cities and towns with the infrastructure to support a new grocery store, including access to parking and/or public transportation and size requirements, among others listed on Lidl’s website.
Elsewhere in Europe, Lidl has targeted Spain as a new source of growth, and its latest facility will serve to establish new infrastructure that can support further expansion. The grocer’s new logistics center is said to be Lidl’s most advanced, sustainable, and strategic logistics facilities in the region, according to CdeComunicación, Logística. The news source reports that Lidl invested over $60 million (55 million euros) in the new facility. Spanning 51,000 square feet, the logistics center will dedicate nearly a third of its space for cold storage. The facility has the capacity for more than 30,000 pallets and has 140 unloading docks.
Where in Europe will Lidl target next? Keep reading AndNowUKnow.