July 14, 2020 / 9:42 AM / 23 days ago

Lidl GB to open 25 stores this year, create 1,000 jobs

FILE PHOTO: A sign is seen outside a LIDL supermarket in Cricklewood, London January 21, 2009. REUTERS/Stephen Hird (BRITAIN)

LONDON (Reuters) - German-owned discount supermarket Lidl GB said on Tuesday it was forging ahead with its expansion in Britain despite COVID-19, with plans to open over 25 new stores in the next six months, creating 1,000 jobs.

Unlike the country’s big four grocers - industry leader Tesco (TSCO.L), Sainsbury’s (SBRY.L), Asda (WMT.N) and Morrisons (MRW.L) - Lidl and rival Aldi [ALDIEI.UL] are continuing to open new stores, driving market share gains.

Lidl GB also said it would invest 1.3 billion pounds ($1.63 billion) in the UK in 2021 and 2022, including an additional 100 stores and 4,000 jobs.

By the end of 2023, Lidl aims to have 1,000 stores in Britain.

($1 = 0.7990 pounds)

Reporting by James Davey; Editing by Alistair Smout

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