Schwarz Group sales up 7.4% in 2018

Source: esmmagazine.com, Tuesday, May 14, 2019

Germany’s Schwarz Group, the owner of discount retailers Lidl and Kaufland, saw its sales grow 7.4% in 2018 and that it planned to keep investing heavily despite a challenging environment. Schwarz Group posted 2018 sales of EUR104.3 billion, exceeding the EUR100 billion mark for the first time, as the Lidl chain grew 8.8% and Kaufland hypermarkets expanded 1.6%.