Lidl Hellas plans to invest around 85-100 million euros in 2018 to modernise its stores, open new ones and to install bake off sections throughout its network in Greece, Iakovos Andreanidis, head of Lidl Hellas announced.
Presenting the “1st report of sustainable growth” for the years 2015/2016 late last week, Andreanidis noted Lidl Hellas invested 100 million euros annually in the years 2016 and 2017 to develop its network, buy land property, expand its logistics and modernise its existing stores. He said the company planned to expand its network both in urban areas and in Greek islands, by developing a new generation store plan, first in Piraeus (in December) and then in Athens, Larisa and Thessaloniki in 2018.
“The country’s economic condition brought big changes in the retail commerce sector, changes which are expected to continue,” Andreanidis stressed, adding: “we try to adhere to our business plan”, while he expressed his satisfaction over the fact that the company raised its turnover by 7.0 pct in 2016 and its network reached 221 stores.
Lidl Hellas pointed out its total added value created in 2015 was 616 million euros and 659 million in 2016, while total added value created within the Greek economy in 2015 was 0.35 pct of GDP and 0.37 pct of GDP in 2016. The company contributed 230 million euros to state tax revenue in 2015 and 244 million in 2016, along with 17,413 job positions in 2016, up 6.5 pct from 2015.
The company has made it a top priority to be supplied with products from the Greek and local market by collaborating with more local suppliers.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: Aljona83 License: CC-BY-SA
Source: ANA-MPA
