German discount grocery retailer Lidl is reported to have called off plans for an aggressive expansion in Canada.
Lidl had planned to open as many as 200 discount outlets in Canada starting this year, but has now told real estate officials that it is delaying its entry into Canada indefinitely, reported the Globe and Mail, citing industry sources.
Lidl’s decision to delay entry into Canada is believed to be due to difficulties in finding suitable real estate and because of the intense competition it would face in the sector, with Loblaw, Sobeys and Wal-Mart Canada all planning to expand their discount operations.
Expansion into Canada would have been Lidl’s first venture outside Europe, where it operates over 4,500 stores.
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