Lidl overtakes Asda to become the third largest supermarket in London
Lidl GB has become the third largest supermarket in London after hitting a market share high of 9.1% in the capital, overtaking Asda in the process.
With more than double the market share of any other discount supermarket in the capital, Lidl’s growth forms part of its £500 million investment into London.
The achievement reaffirms its commitment to ensuring that all Londoners have a Lidl store within easy reach.
As well as experiencing the fastest growth out of all supermarkets in the city, it was also named the fastest-growing supermarket in the UK last month.
In 2022, the German discounter opened nine new London stores, including locations in East Acton, Kingston, and Upton Park, while also securing a further five sites in the city for future expansion, generating hundreds of new job opportunities in the process.
Currently, Lidl boasts over 100 stores within London and the M25 and has confirmed plans to continue its expansion across the capital, including areas such as Earls Court, Westminster, Kings Cross, and Knightsbridge.
Related news
Covirán Eyes Acquisition Of Some Auchan Stores In Portugal
Spanish supermarket chain Covirán is considering the potential acquisition of…
Read more >Morrisons raises store freezer temperatures to limit carbon emissions
Morrisons has launched a new trial to increase the temperature…
Read more >McCain Foods to close UK factory, 115 jobs at risk
Canada’s McCain Foods has conducted a review of its UK…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >