Lidl Plans Expansion in Hungary

  • 18 Nov 2024 7:20 AM
Lidl Plans Expansion in Hungary
German-owned supermarket chain Lidl Magyarorszag plans to raise its number of stores from 210 to 250 in the coming years, chairman Zita Szlavikovics said on Friday, marking 20 years in Hungary.

With a nationwide reach, Lidl had 20.8pc market share in September, according to data from GfK, Szlavikovics said. The chain employs 9,500 people and exported EUR 338m of local products to its other Lidl stores last year, she added.

Lidl Magyarorszag has 487 domestic suppliers accounting for 61pc of inventory, managing director for purchasing Zoltan Nepp said.

Lidl Magyarorszag had net sales revenue of HUF 1,159bn in its business year ended February 29, public records show.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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