BUSINESS

Lidl supermarket chain inaugurates new logistics hub in Attica

Lidl Hellas, the local subsidiary of German global supermarket chain Lidl Stiftung & Co KG, inaugurated on Thursday a new logistics hub at Kalyvia, eastern Attica.

Lidl first entered the Greek market 17 years ago and has since invested in excess of 1.2 billion euros, with 130 million euros put aside for 2014, the biggest amount invested by the company in Greece in a single year so far.

The new logistics center, which will handle storage and distribution, covers and expanse of 50,000 square meters and will employ 120 staff. Slated to go into operation on March 1, the center will service more than 60 stores in Attica and the islands of the Aegean, expediting 60 to 80 delivery routes a day.

Lidl Hellas is also expected to begin operating a second northern Greece hub in June, which will be located on the outskirts of Thessaloniki and will provide an additional 130 jobs.

The inauguration of the Kalyvia logistics center brings the number of Lidl's storage and distribution centers in Greece to five. It already has centers in Thiva, Patra, Trikala and Thessaloniki.

Lidl currently operates a network of 222 stores in Greece, employing over 4,000 staff. Its annual turnover is estimated at around 1.3 billion euros and its market share stands at around 10 percent.

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