Retail chain Lidl plans considerable expansion in Hungary

German-owned supermarket chain Lidl Magyarország plans to raise its number of stores from 210 to 250 in the coming years, chairman Zita Szlavikovics said on Friday, marking 20 years in Hungary.

With a nationwide reach, Lidl had 20.8pc market share in September, according to data from GfK, Szlavikovics said. The chain employs 9,500 people and exported EUR 338m of local products to its other Lidl stores last year, she added.

Lidl Magyarország has 487 domestic suppliers accounting for 61pc of inventory, managing director for purchasing Zoltán Nepp said.

Lidl Magyarország had net sales revenue of HUF 1,159bn in its business year ended February 29, public records show.

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