Lidl to open hundreds more supermarkets in challenge to traditional grocers [Yahoo! Finance]
WPP plc American Depositary Shares (WPP)
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Source: Yahoo! Finance
The business is stepping up store opening plans following a period of slower expansion , with planned new shops in cities including Edinburgh, Leeds and London, as well as towns such as Didcot and Woking. Lidl is offering a finder's fee to anyone who can identify a location where the business can open larger stores with more than 100 car parking spaces. Richard Taylor, chief development officer at Lidl's UK business, said the discounter was now perfectly positioned for further expansion, having spent heavily on bolstering its logistics operations in recent months. Lidl currently has more than 960 stores across England, Scotland and Wales. It follows a period where Lidl reined in expansion to focus more on its warehouses. It slammed the brakes on opening plans last February, confirming it had halved its opening target for 2023 to 25 stores, down from around 50 locations in previous years. It followed some issues in its distribution centre which had affected supply. Lidl did
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WPP
Sec Filings
- 5/9/24 - Form 6-K
- 5/8/24 - Form 6-K
- 5/2/24 - Form 6-K
- WPP's page on the SEC website