Lidl has said it took £58m in additional sales from traditional supermarkets in the past month, as shoppers look for ways to save money, after quadrupling profits in a bounce back from Covid disruption.
The German-owned discount grocer, said its British sales rose 1.5% to £7.8bn in the year to the end of February but pretax profits soared 319% to £41.1m as the group trimmed costs as measures to control the Covid-19 virus eased. The company also saw a surge in non-retail income, such as selling advertising and renting out property and recycling.
