The State of Lidl in the Global Grocery Retail Industry
Lidl is a German global discount supermarket chain that operates over 11,000 stores across 32 countries. The company was founded in 1930 by Josef Schwarz and is now owned by the Schwarz Group, which also owns the Kaufland chain of hypermarkets. Lidl is known for its high-quality products at low prices, which has made it a popular choice for budget-conscious shoppers around the world.
Financial Performance
In 2024, Lidl reported total revenues of €110 billion, making it one of the largest grocery retailers in the world. The company’s net profit for the year was €5 billion, demonstrating its strong financial performance. Lidl’s growth has been driven by its expansion into new markets and its focus on cost control and operational efficiency.
Market Share
Lidl has a significant market share in Europe, where it operates the majority of its stores. In countries like Germany, the UK, and France, Lidl has become a major player in the grocery retail industry, competing with other discount chains like Aldi and mainstream supermarkets like Tesco and Carrefour. Lidl’s market share is expected to continue to grow as it expands into new markets and attracts more customers with its low prices and high-quality products.
Store Volumes
Lidl has been rapidly expanding its store network in recent years, opening new stores in both existing and new markets. In 2024, Lidl opened over 1,000 new stores, bringing its total store count to over 11,000 worldwide. The company’s aggressive expansion strategy has helped it increase its market share and reach more customers in different regions.
Future Plans
Lidl has ambitious plans for the future, with a goal to continue expanding its presence in both existing and new markets. The company is planning to open more stores in Asia and North America, where it sees significant growth opportunities. Lidl is also investing in digital technologies and e-commerce to enhance its online presence and reach more customers through digital channels.
Overall, Lidl’s strong financial performance, growing market share, and aggressive expansion plans make it a key player in the global grocery retail industry. The company’s focus on low prices and high-quality products has resonated with customers around the world, and its commitment to innovation and growth will likely drive its success in the years to come.
For more information on the global grocery retail industry and trends in 2025, visit CulinaryCoverage.com.
