Lidl overtakes Morrisons to become fifth largest supermarket in UK
Summary
Lidl has become the fifth largest supermarket in Great Britain, surpassing Morrisons in market share. Lidl’s sales grew by nearly 9% over 12 weeks to mid-May, helped by shoppers looking for lower prices amid rising costs.Key Facts
- Lidl’s market share reached 8.6%, while Morrisons’ was 8.3% during the 12 weeks to May 17.
- Lidl increased its sales by 8.8% year over year, making it the fastest-growing big grocery chain.
- Morrisons’ sales grew by only 1.3% in the same period.
- Lidl started in the UK in 1994 and now has 1,000 stores and 13 distribution centers, employing 35,000 people.
- In the year to February 2025, Lidl’s sales rose 8.3% to £11.7 billion, and profits more than doubled to £156.8 million.
- Lidl plans to open 50 new stores and invest over £600 million in the UK within the next year.
- Aldi, another German discount supermarket, is the fourth largest in the UK, close behind Asda, which is struggling with declining sales.
- Shoppers are seeking cheaper options due to inflation, leading to increased sales at discount supermarkets like Lidl and Aldi.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.