Lidl has plans to have 1,100 stores across the UK by 2025.
The discount supermarket will create an additional 4,000 jobs and has already opened 55 stores in the past year.
In the 12 months to the end of February, revenues increased 12% to £7.7bn. The retailer posted £9.8m in profits, which is compared to the £25m loss posted in the same period a year earlier.
The supermarket is on track to have a total of 1,000 supermarkets by the end of 2023.
“Our new store target today marks a significant investment for the business. We remain committed to our bricks and mortar strategy and maintaining our store opening pace; roughly a store a week for the next four years,” said Christian Härtnagel, Lidl GB CEO.
“We will continue to bring our offer of great quality products at unbeatable value to even more communities across the country. I am also looking forward to welcoming even more colleagues to the Lidl GB team.”
