Wednesday, October 19, 2016

New retail powerhouse in the making?

Lidl, the German no-frills grocery chain, is shaping up as a potential retail powerhouse even before it opens its first U.S. store.
The company will generate $8.8 billion in sales by 2023, larger than Wegman’s 2016 value of $8.1 billion, according to a just-released forecast by Kantar Retail.
Lidl is expected to begin its U.S. store rollout in 2018. Kantar Retail estimates it will open about 100 stores per year, reaching 630 locations by 2023. Early stores could generate an average of $10 million in sales, averaging $15.2 million in sales per store by 2023.. . . more

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