
Lidl to open 1,000th UK store despite rising interest costs
Lidl marks 31 years in the UK with its 1,000th store opening this November, overcoming recent financial pressures as it continues strategic growth and job creation across the country.
Lidl is set to open its 1,000th store in the UK this November, marking a significant milestone 31 years after it launched its first location. The German discounter celebrated this achievement with a parliamentary breakfast attended by 40 MPs, underscoring the retailer’s ongoing importance to the UK grocery sector and its local communities.
The journey to 1,000 stores has seen Lidl transform from a single outlet in Lutterworth, Leicestershire, into a major supermarket player with a network exceeding 1,000 locations nationwide. This expansion is part of a broader strategy that reshaped the UK grocery landscape by offering a no-frills, low-cost alternative to traditional supermarkets, appealing to a wide range of consumers.
In November 2021, Lidl disclosed ambitious plans to grow its UK footprint to 1,100 stores by 2025, aiming to create 4,000 new jobs in the process. At that time, the company had 880 stores, and its growth trajectory positioned it well to achieve 1,000 outlets by the end of 2023. The plan included opening 55 new stores in 2021 alone, reflecting its rapid expansion pace.
However, Lidl’s growth has experienced some complexities more recently. In October 2024, reports emerged that the retailer’s parent company, Lidl Stiftung & Co KG, incurred interest expenses exceeding €1 billion in the 12 months leading up to February 2024—more than double the previous year’s figure. These mounting interest costs contributed to a slowdown in new UK store openings, with the total number of stores stagnating at just over 960 for much of the year. Despite these financial pressures, Lidl remains on track to launch its 1,000th store in November, signalling a sustained commitment to its UK market presence.
The company has also identified over 1,000 potential new store locations across England, including key areas in Yorkshire, London, and the south of the country. Nonetheless, Lidl has been clear that only a fraction of these prospective sites will be developed, reflecting measured and strategic growth rather than unchecked expansion.
Lidl’s milestone encapsulates three decades of transformation and growth in the UK retail sector, highlighting how a discount supermarket has become integral to the shopping habits of millions. While growth challenges exist, the retailer’s trajectory reveals a strong focus on continuing its footprint expansion, job creation, and providing affordable grocery options to an ever-wider audience.