Lidl will open 25 new US grocery stores over the next year
CNNNew York CNN Business — Despite early struggles in the United States, German discount grocery chain Lidl still believes it can grow in this country and replicate its longtime German foe Aldi’s success. Those openings and others will bring Lidl’s US footprint to more than 100 stores by the end of 2020, two years behind Lidl’s original schedule. “These new stores are part of the next steps in our US expansion.” Lidl is a global grocery giant with more than 10,500 stores in 29 countries. In six areas in Virginia and North Carolina where Lidl opened stores in 2017, nearby supermarkets lowered prices on a half-gallon of milk by up to 55% compared with places where Lidl stores were not present, according to a study by Katrijn Gielens, a associate professor of marketing at UNC’s Kenan-Flagler Business School.