Lidl To Invest €180m In Spain This Year
summary：German discount supermarket chain Lidl has announced major investment plans for its business in Spain over the coming year....
German discou
nt supermarket chain Lidl has announced major investment plans for its business in Spain over the coming year.In a statement released yesterday, the heavy discounter said that it intends to invest €180 million in 2014 to open 20 new stores while also revamping a further 50.
Lild will open a brand new logistic centre in Murcia as part of the investment plan, and the company says that they will use some of the €180 million to raise the standard of energy efficiency across its stores.
With the new openings, Lidl say that more than 400 new jobs will be created, bringing the German company's staff levels in Spain up to 1,000.
Lidl first entered the Spanish market in 1994 and has since gone on to open 525 stores and 8 logistic centers there.
Since 2008, Lidl has invested more than €1 billion in Spain. In the last two years alone, the German retailer has ploughed around €340 million into its Spanish operations.