Continuing with its expansion strategy in Portugal, Lidl will invest around €200m, of which €125m are intended for remodeling, modernization and new openings. By the end of 2022, the retailer plans to renovate around 25 stores, including the launch of six new stores. Additionally it will contribute to rehabilitating the surrounding areas to support the local communities where it operates.
Lidl entered Portugal in 1995 and currently operates a network of over 269 stores located across the country and four warehouses located in Santo Tirso, Palmela, Sintra and Torres Novas. The discounter has invested €1bn in the country since 2017.
In 2020, Lidl opened a new semi-robotised warehouse in Santo Tirso, which led to the development of a new industrial area in the North of the country and the creation of 200 new jobs. It is also building a new warehouse in Loures, to reinforce the supply and storage capacity of its stores in the central region.