Aldi And Lidl Just Can’t Stop Expanding Amid Cost Of Living Squeeze [Forbes]
TESCO PLC S/ADR (TSCDY)
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Source: Forbes
The two retailers arguably best at exploiting the squeeze on consumer wallets are ending the year as they started it, with an almost never ending pledge to open more stores. Don't tell Aldi or Lidl that the world has moved online, the German discounters have both unveiled plans for one of their most important markets that will put the major British grocers on alert. And while Aldi still has a significantly higher market share than its rival, Lidl is playing catch-up. Aldi has pledged to invest nearly $830 million across its U.K. store network next year, with the retailer targeting about 30 new store openings in total in 2025. The move forms part of the retailer's long-term target of 1,500 stores across the U.K., with the supermarket investing $1.02 billion in expanding its U.K. footprint in 2024 alone. The latest plans will see it launch a further eight stores at the start of 2025 followed by around 40 more in its next financial year. The German discounter said this include
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