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Lidl expansion leads to £76m loss

Lidl’s UK operation has suffered a £76m loss after focusing on expansion.

The cost of opening another 50 stores over the year, during a time of high inflation, meant that the discount grocer fell to a loss after a profit of £41m the previous year.

It now has 960 stores and 14 distribution centres and is the sixth-largest food retailer in the UK, bigger than Waitrose, Iceland and the Co-op.

The Times (£)

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