The entry of hard discount grocer Lidl stands to stir up the already highly competitive retail grocery market in metropolitan New York.
Industry observers say Lidl’s acquisition of 27 Best Market supermarkets in New York and New Jersey will push incumbent grocery stores to trim prices, thinning already narrow profit margins. What’s more, they will need to accelerate efforts to add more fresh and prepared foods, bolster private brands and expand online grocery service. Those failing to address the pricing challenge and drive differentiation stand to relinquish market share.. . . more