Lidl to open 20 stores in USA this summer

Share
Lidl to open 20 stores in USA this summer

A big German discount grocery chain will begin opening its first US stores this summer, including locations in Virginia, ahead of schedule. The company plans to continue the expansion with 100 new locations across the East Coast - including in SC - this year alone.

Following the first few, another 100 stores will open on US soil. The retailer will now focus on 20 locations to start its USA saga. Both offer low prices by focusing on store-label products rather than name brands.

"Retailers are preparing themselves for Lidl's market entry. They really take it seriously", said Milos Ryba from retail analysis firm IGD, speaking before the timing of the Lidl openings were announced.

Outlets in Virginia, North and SC, will be the first to open, with approximately 20 store launches in total expected this summer.

Last week Aldi announced it would invest $1.6 billion in its US stores, planning to remodel and expand more than 1,300 stores by 2020. Aldi has also been adding items to include gluten-free products and fresh produce.

The company said Wednesday that it will open the first 20 US stores in Virginia, North Carolina and SC this summer, but it did not provide specific locations.

Lidl (pronounced "Lee-dull", like "needle") competes with Aldi, another European discount grocer that has been expanding and remodeling its stores around Charlotte.

Based in Neckarsulm in southern Germany, Lidl had sales of 64.6 billion euros ($68 billion) in the year to end February 2016.

Share

Advertisement

Related Posts

State attorney announces new charges against Markeith Loyd
Two for first-degree murder in connection with the deaths of Clayton and Dixon and another for the death of his unborn child. He is also charged in a separate case from August with three counts of aggravated assault with a firearm, court records show.

Elon Musk worries about a future of risky robots and unemployable humans
In order to deal with the fast evolution of technology, humans need to train their brains accordingly to keep up with it. Musk said he expects Apple's much-rumored yet unconfirmed electric auto to go into production by 2020.

DISASTER in New Zealand: FATAL forest fire wreaks havoc across Christchurch
It has already claimed the life of helicopter pilot Steve Askin, who crashed while fighting the fire on Tuesday. They are not in any danger from the fire, which was about two kilometres away.

Sell-side is Weighing in on Oracle Corporation (NYSE:ORCL) Earnings & Targets
Oracle Corporation comprises about 6.2% of Veritas Asset Management LLP's portfolio, making the stock its 6th largest position. Following the transaction, the director now owns 52,654 shares of the company's stock, valued at approximately $2,038,762.88.

Snake Pass is Slithering Onto Nintendo Switch in Late March
There's an updated trailer showcasing the game, along with some firm details on what you can expect from the final release. Its art style is colorful and vibrant, and it sports a rich and alluring aesthetic thanks to Unreal Engine 4.

CBS Signs Distribution Deals With Verizon, Meredith
During the period CBS offered former employees a pension adjustment, CBS recorded a one-time settlement charge of $211 million. Affiliate and subscriber fees were up 28 percent led by higher affiliate fees and growth at CBS All Access.

Trump Cabinet secretaries to visit Mexico next week
Netanyahu and Trump last met at the end of September, some six weeks before the USA president's election victory. Secretary of State Rex Tillerson and Homeland Security Secretary John Kelly are headed to Mexico next week.

First Pokemon GO Major Update, Gold and Silver Are Coming To Life
According to the report, the over 80 Gen II " Pokemon GO " pocket monsters are discoverable and can be caught in the wild. Niantic Labs has just announced that the Pokemon Go update gen 2 will come out later this week.

Bottas: Rosberg proved Hamilton is beatable
One thing is for certain, new Mercedes driver Valtteri Bottas is not lacking in confidence which in itself is half the battle to become a Formula One champion.

What we know so far about the circumstances surrounding Gen. Flynn's resignation
Jerrold Nadler , a Democrat from NY , told The Hill that the details surrounding Flynn aren't as important as the overall picture. In his resignation letter , he admitted to having several calls with the Russian ambassador to the U.S. during the transition.

© 2015 Vivere Milano. All Rights reserved.