Discount Supermarket Thrives as Britons Host at Home

  • Lidl’s revenue increased by 18% in December
  • Over 6 million glasses of prosecco and 2.7 million servings of panettone sold
  • High demand for mulled wine and deluxe mince pies
  • Christian Härtnagel, Lidl UK’s managing director, comments on the success
  • Lidl opened four new stores in December
  • Just Eat saw a 58% increase in orders in Q4 2020 compared to 2019

Discount supermarket Lidl has reported a significant increase in revenue for the four weeks leading up to December 27th, with sales rising by 18%. The retailer sold over six million glasses of prosecco and 2.7 million servings of panettone during the festive season. With restrictions on restaurants and non-essential shops, Lidl saw high demand for its products, selling 7,000 glasses of mulled wine and nearly 17,000 deluxe mince pies per hour. Christian Härtnagel, managing director at Lidl UK, expressed satisfaction in helping customers enjoy the holiday season despite challenges. The company also opened four new stores as part of its expansion plans. Just Eat experienced a 58% increase in orders during Q4 2020 compared to the same period in 2019 due to pandemic-related restrictions.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Lidl’s revenue increase, product sales during Christmas, and expansion plans. It also mentions the positive impact of restrictions on Just Eat’s business. The source is cited (BBC) and there is no clear indication of sensationalism or personal perspective.
Noise Level: 3
Noise Justification: The article provides relevant information about the increase in revenue and sales of specific products during the Christmas period for Lidl and Just Eat due to pandemic restrictions. However, it lacks a deeper analysis or exploration of long-term trends or consequences of these events.
Financial Relevance: Yes
Financial Markets Impacted: Lidl and Just Eat
Financial Rating Justification: The article discusses the financial performance of Lidl and Just Eat during the Christmas period, which impacts their respective companies’ revenue and growth.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk