German company Lidl reaches record sales in Czech Republic

02-03-2010

The German discount grocery chain Lidl saw record sales of 906 million Czech crowns in the fiscal year of 2008/2009, bringing the company’s market share up by 12 percent. Lidl had seen losses of 52.5 million crowns the year before. The chain of grocery stores started operating in the Czech Republic in 2003 and to date, there are 210 locations of the store in the Czech Republic. Nine new outlets opened last year. Lidl is part of the German retail group Schwarz that also owns the hypermarket chain Kaufland.