The German grocer, which wants to boost its presence in the U.S., opened three stores in New York this year including one in Lower Manhattan earlier this month. Lidl U.S. CEO Joel Rampoldt told FOX Business the company plans to open four more in the “near future.”
If elected in November, Mamdani, a New York State assemblymember who is a self-identified democratic socialist, has said he would redirect city funds from corporate supermarkets to city-owned grocery stores “whose mission is lower prices, not price gouging,” according to a video posted on his campaign website.
The announcement hasn’t changed Lidl’s expansion plans over the next five years.
“We’re going to continue to invest in New York. We’re going to continue to open stores there,” Rampoldt said, noting that if Mamdani is elected and his plan materializes, “then we’ll deal with it just like any other situation, but it’s not changing our plans in terms of opening more stores in New York and serving more New York customers.”
