German-owned discount chain reports 18% sales rise and extra market share but inflation cost it £100m to keep prices low
Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”.
The group reported pre-tax losses of £76m for the year to 28 February against profits of £41.1m the previous year as it also invested heavily in the business.
