Lidl offers bounties to public for finding new retail sites

Lidl GB is calling on the British public for support in identifying sites for new stores, and is willing to pay them bounties for property deals that go through.

The discounter, which is investing £1.3 billion in its latest store expansion programme, is offering a fee of either 1.5 per cent of the total freehold purchase price, or 10 per cent of the first year’s rent for leaseholds, which would equate to £22,500 for a completed £1.5 million site purchase.

The financial incentive comes as Lidl publishes its annual list of locations across the country where it is interested in acquiring sites for potential store developments. The list includes Bristol, Derby, Liverpool, London, Manchester, Nottingham, Oxford, Southampton, Swansea, Birmingham and Edinburgh, among others.

Since the beginning of 2022, Lidl has already opened 23 new stores.

Richard Taylor, chief development officer at Lidl GB, said: “We’re opening an average of one new store a week, and our teams have done a phenomenal job of keeping that pace going over the last couple of years.

“Our finder’s fees are available to absolutely anyone that can identify a viable option for a new store, that we’re not already aware of.”

    Share Story:

Recent Stories

The Very Group
The Very Group transformed range and assortment planning using Board.

Watch the full video

Smarter merchandise planning across the retail value chain
In this webinar, Matt Hopkins, Head of Retail Solutions, Board, Catherine Tooke, SVP Product & Planning, Sweaty Betty, and Subir Gupta, Managing Principal, Thought Provoking Consulting join Retail Systems Editor Jonathan Easton to discuss the findings of the recent Retail Systems report The Merchandise Planning Challenge: How are retailers harnessing technology to optimise planning and retain customers? and examine the innovations that are improving retail planning.