Lidl remodels German stores to fit new formula

Lidl remodels German stores to fit new formula

Discounter Lidl has started the transformation of its German stores into a new formula. It opened the very first of this new type of stores in Offenau last week.

6 billion euro in investments

The new formula gives the stores a more modern look, with plenty of glass and aluminium parts, while also giving them a more spacious feel. The new formula dictates that stores should be at least 1,600 sqm, while the product range does not change and stays at 1,600 items. Experts believe the remodeling will cost 1.5 million euro for each and every store.

 

Lidl's parent company, the Schwarz Group, intends to remodel all its 3,200 German stores over the next 4 years. Some stores will be rebuilt entirely from the ground up, which means its investment budget will increase to record height over the next year: 6 billion euro. The majority will go towards improving Lidl's competitive position.

 

The company not only wants to invest in Germany, as it intends to modernize in the United Kingdom as well, while preparing for its entry into the American market.

Questions or comments? Please feel free to contact the editors


Hunkemöller wants to conquer Switzerland

17/08/2017

Dutch lingerie chain Hunkemöller aims to open a chain of physical stores in Switzerland, after having already opened a Swiss web shop in September 2016. The first physical store will open its doors in October.

Shoe brand Bally put up for sale

16/08/2017

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Crocs loses patent battle

14/08/2017

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Coolcat's losses compound

14/08/2017

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Back to top