Monday, June 5, 2017

Another German grocer takes aim at the U.S.

Image result for lidlGermany'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.

Lidl 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

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