Lidl has invested over €8.8 million in opening its sixth store in Lanzarote, enhancing its presence in the region and committing to local suppliers and sustainability initiatives.

Target Information

Lidl has recently made a significant investment exceeding €8.8 million in the establishment of its sixth store in Lanzarote, located in Costa Teguise. This new location, set to open on August 22, 2025, spans over 1,700 square meters and is designed to enhance the shopping experience for local customers. The store will offer a wide range of fresh, packaged, and private-label products, adhering to modern retail standards and sustainability initiatives.

With the addition of this store, Lidl reinforces its commitment to Lanzarote, now employing around 200 staff across its six outlets on the island. Over the past year alone, Lidl has doubled its presence in Lanzarote, demonstrating its dedication to supporting the local economy through job creation and collaboration with nearly 100 local suppliers.

Industry Overview in the Canary Islands

The retail industry in the Canary Islands has been experiencing a growth spurt, particularly post-pandemic as consumer confidence gradually returns. Additionally, the Islands' unique geographic location makes it an attractive mar