Lidl Finds It Tough In Scandinavia

March 2008 | Company News Alert

Germany-based discounter Lidl has announced it will be giving up its operations in Norway after entering the country only four years ago. Although financial figures have never been released, the move is likely to be driven by difficulties with expansion. The decision represents the first time that the chain, which has been expanding aggressively throughout Western Europe, has withdrawn from a market. The group will sell off 50 stores and two distribution centres to local retail firm Reitangruppen, which will integrate the stores into its Rema 1000 discount chain. BMI now examines the probable reasons for this decision and what

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