Lidl is to open its largest UK warehouse, creating 500 jobs once construction has been completed.
The country’s fastest-growing supermarket chain said it was to build a 754,000 square foot distribution centre outside Peterborough – the sixth such site to be announced within a year as it continues its expansion.
It will bring the number of warehouses used by the German-owned company to 15 and forms part of a £1.5bn investment over the next year.
Lidl and discount rival Aldi have been the big success story in the UK grocery sector since the end of the financial crisis, with industry figures from Kantar Worldpanel showing they now rake in almost £1 in every £8 spent in supermarkets.
:: Aldi sales soar but profits slip amid price war
It was £1 in every £25 a decade ago.
They have continued to grow their respective market shares, though the so-called big four chains – Tesco, Sainsbury’s, Asda and Morrisons – have made progress this year in stemming the outflow of customers.
:: Lidl is UK’s seventh-largest supermarket chain
A fierce industry price war has been raging for years and appears set to continue amid a new squeeze on household budgets – with stores reluctant to pass on Brexit-linked price increases for fear of losing ground to rivals.
Lidl’s head of warehouse expansion, Adrienne Howells, said: “Our expansion across the UK is progressing rapidly, and it’s important we have the right supply chain infrastructure to support this.
“Peterborough is ideally located and we’re pleased to be bringing more jobs to the local community.”
Source: Sky News