Wednesday, June 7, 2023

Lidl has quadrupled its profits in the United Kingdom

German supermarket chain Lidl coronavirus break and have recovered from it UK profits up 319% Regarding last year. German firm claims it has acquired £58m in additional sales of traditional supermarkets in the last month after quadrupling profits in a relentless rebound after Disruption due to the coronavirus pandemic.

Positive results are due, explain a company spokesperson, with the ‘bargains’ they sell. Everyone Offers that Lidl brings to the market, it is sold out in days or hours. With the problem of liquidity becoming more and more important, British citizens are more and more willing to buy these types of products at a discount in order to reduce the purchase bill. and he is inflation in uk reached its highest level in 41 years.

Lidl: over 900 stores in the United Kingdom and over 28,000 employees

German company, which has 935 stores in England, Scotland and Wales and employs more than 28,000 people, explained that profits have increased despite investment. And it is that Lidl has spent £653 million on 50 new stores and other properties, including distribution centers in Luton, Bedfordshire and Belvedere in south-east London. In addition, they plan to continue opening a total of 50 new stores by February.

Ryan McDonnell Lidl GB’s chief executive said the company was serving 770,000 more customers a week than last year. “This is our moment,” he said. In addition, McDonnell said customers were buying mostly Christmas items, with holiday food sales up 21% and panettone sales up 8% over the previous year.

Lidl GB’s chief executive, referring to inflation, said the company’s focus was on “comparing baskets and trolleys to forceful competition and always making sure we are the best value.”

Nation World News Desk
Nation World News Desk
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