Germany's Lidl is planning to open 10 stores in the U.S. later this month to establish a foothold in a market that's already covered with grocers. Yet, industry observers say it will prove to be a formidable competitor to the incumbent chains.
is a unit of Schwarz Gruppe, which operates 10,000 stores in 27
countries and is Europe's second-largest retailer behind Walmart.
Schwarz is a closely held family business with 335,000 employees and
annual revenue near $90 billion. The first Lidl U.S. stores are due to
open in Virginia, North Carolina and South Carolina. It expects to be
operating 100 supermarkets on the East Coast by the summer of 2018.. . . more