Lidl Italia Has Invested Over €2.1bn In Italy In Past Five Years
Lidl Italia has invested over €2.1 billion in Italy over the past five years, primarily in new stores, logistics centres, and renovations, reflecting a 35.7% increase, compared to the previous five-year period.
This investment has fuelled the company’s growth, with an average of 1.9 new-store openings per month over the last ten years, contrasting with a general decline in the large-scale retail sector, which resulted in the closure of over 2,000 stores.
According to a socio-economic impact report by The European House – Ambrosetti (TEHA), presented by the Ministry of Business and Made in Italy, Lidl Italia contributed €7.6 billion to Italy’s GDP in 2023, representing 0.4% of the total and a 5% increase, compared to 2022.
The company also achieved revenue of €7.2 billion in 2023, boasting a compound annual growth rate of 8.7% over the past decade, significantly outperforming the sector average of 2.4%.
Other Highlights
The supermarket chain supported nearly 100,000 jobs, with a multiplier effect of 4.8, meaning that every direct Lidl job created nearly four more indirectly.
Lidl purchased €6.6 billion worth of goods and services in Italy during 2023, primarily focusing on the agri-food sector.
The company’s purchasing power also boosted Italian exports, generating €2.5 billion, most notably in the food-and-beverage sector, where it accounted for 4.8% of total exports. Fruit and vegetable exports by Lidl accounted for 10.4% of the national total.
Lidl Italia president Massimiliano Silvestri attributed this success to long-term investments and teamwork.
He highlighted the company’s achievements in contributing to the national GDP, supporting almost 100,000 jobs, and leading the large-scale retail sector in Italian product exports.
Lidl operates approximately 780 stores across Italy and directly employs 23,000 people.
ESM
Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >Lidl to introduce digital deposit receitps in Germany
From August 4, 2025, Lidl will introduce digital bottle deposit…
Read more >The Lidl collection is back: logoed clothes, slippers and accessories in stores
Lidl will once again bring its own branded clothing collection…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >