Ireland: Lidl to invest €200 million in 2018

Lidl, the German discount retailer, is set to invest €200 million ($250 million) in Ireland in 2018 to strengthen its store and distribution network.

Already the fourth largest grocery retailer in Ireland with market share of 10.5%, Lidl is now set to expand further by investing in both its stores and a new distribution centre, the latter being the firm’s largest single project for 2018 with a price tag of €80 million. The 54,000 sq m facility received planning permission three weeks ago and building works are set to commence in April.

In terms of its store network, the retailer plans to build several new outlets and relocate others, while a number of stores will be knocked down and rebuilt to match the discounter’s modern format. Construction work is set to begin in the coming months.

Source: ESM / Checkout / Supply Chain Analysis