Lidl Gearing Up for US Expansion

ebfaee33-6702-4afa-84f0-fc809561c9a9articleimage.jpg

17 Feb 2017 --- European discount retailer Lidl is making a move to open in the US with plans to launch the first store this summer and create 100 more in a supermarket shake up that is bound to disrupt the American retail landscape. 

Following months of speculation, the German discounter - which has seen success in the UK and around Europe with its low-price model taking sizeable market share away from other major supermarket chains - has confirmed its US intentions.

Lidl currently runs more than 10,000 stores across 27 European countries and will open its first 20 US stores in Virginia, North Carolina and South Carolina and will be starting a major recruitment drive shortly. 

It is not known exactly when they will open, but the schedule is understood to be late 2017 or early 2018. Originally, it planned to open its first batch of U.S. stores no later than 2018 and set up its Virginia headquarters back in 2015. 

The German no frills retailer has released details of its US expansion at a time of great competition with the supermarket space. Discounter Aldi has also been expanding recently in terms of offering low prices that focus on its own brands as well as adding to its range of fresh produce and free-from items. 

Aldi operates 1,600 stores in the US, having launched there in the mid seventies. Just last week it announced plans to invest US$1.6 billion in its stores with a remodel as well as expanding more than 1,300 stores by 2020. 

The Lidl group is owned by Germany’s richest man, Dieter Schwarz, son of founder Josef Schwarz. It belongs to the holding company Schwarz Group which also owns the store chains Handelshof and hypermarket Kaufland. 

Related Articles

Food Ingredients News

INTERVIEW: New Naturex VP Highlights Quality, Authentication and Traceability

21 Feb 2017 --- Naturex recently announced the appointment of Reza Kamarei PhD, to the role of global Nutrition & Health R&D Vice President for Naturex. Kamarei holds four academic degrees in the field of nutrition and food science including a PhD in food science & technology from the Massachusetts Institute of Technology (MIT). He has extensive R&D and management experience in the areas of functional ingredients, nutraceuticals, food and beverages and dietary supplements. 

Food Ingredients News

SPECIAL REPORT: Alternative Proteins Trending – Plant, Insects and Marine Sources

21 Feb 2017 --- Demand for plant-based ingredients like algae, spirulina, seaweed, duckweed, pea proteins is climbing, as the appetite for pulses, non dairy or meat-free alternatives increases - even insects are getting in on the alternative protein scene. Interestingly the consumption of fresh fruit and vegetables is in a ten year decline with no real progress made in Europe, the US or elsewhere despite massive health campaigns pushing for everyone, kids especially, to eat more of the good stuff. 

Business News

Kerry Reports Strong Growth, McCarthy to Retire as CEO

21 Feb 2017 --- The CEO of Kerry Group has announced he is stepping down just at the company releases its preliminary results for last year which reveal a slight climb in revenue to €6.1billion (US$6.4billion). After nine years as CEO, Stan McCarthy, will retire as chief executive in September and as a director of the Group by the end of the year. 
Taking over as chief executive designate will be Edmond Scanlon who is currently president and CEO Kerry Asia Pacific. 

Business News

Record Food and Drink Exports for Britain

21 Feb 2017 --- The amount of food and drink exports in 2016 jumped by 10.5% to a record figure of more than £20bn (US$24.8) billion) as UK manufacturers responded to rapid growth in demand for quality produce, the Food and Drink Federation has said.

Food Ingredients News

KEY INTERVIEW: Andean Grain Address Demand for South American Super Grains

20 Feb 2017 --- The use of ancient grains has sky rocketed over the last few years, and the trend looks set to continue well into 2017. Increasing consumer interest in previously exotic seeds like chia and quinoa has fueled the application of seeds and grains in general.

More Articles