date:May 28, 2015
revenue accounted for 20.3 bn, up 2.8%. Lidl operated around 9,800 stores out of which 3,200 are in Germany. Kaufland operated 1,190 stores, including 640 stores in Germany. Lidl spent around 5 bn on revamping of its old stores, construction of new stores as well as logistics facilities. Indeed, renovation of its stores including expansion of fresh product ranges boosted its revenues. IGD forecasts that Lidl's reveneue will grow around 6% annually between 2014 and 2017, generating revenues of 71