The results: Lidl’s sales soared 7% in the four weeks leading up to Christmas, surpassing £1 billion ($1.24 billion) and marking its most successful holiday season in over 30 years of operating in the UK, the company reported.
Why it matters: Rising grocery prices over the past few years helped Lidl grow its UK market share from 5.4% in early 2020 to 7.7% in the 12 weeks leading up to December 1, 2024, per Kantar.
Our take: Lidl faces no shortage of competition from rivals such as Asda and Morrisons, which are using price cuts and price matches to try to grab share. However, grocery habits are tough to break, and Lidl’s strategic efforts in recent years have positioned it well to sustain its momentum.
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