Aldi to invest £900m in UK and open 40 more stores next year
Summary
Aldi plans to invest £900 million in the UK and open over 40 new stores next year. The company saw sales rise to a record £19 billion last year but profits fell slightly due to cutting prices amid rising costs.Key Facts
- Aldi operates 1,092 stores in the UK and Ireland and plans to open 42 stores this year and a similar number next year.
- Sales increased by 5% to £19 billion last year, but profits dropped by £2.6 million to £433 million.
- Aldi is the third largest UK supermarket by items sold and customer numbers but is just behind Asda by sales value.
- The company aims to grow to 1,500 stores in the UK and Ireland in the future.
- Aldi is cutting prices to remain the cheapest supermarket, attracting more customers despite inflation pressures.
- Aldi is partnering with Deliveroo to offer grocery delivery via an app.
- The company sources about 80% of its products from British suppliers and plans to have more long-term agreements with suppliers next year.
- Aldi is concerned about climate impacts on UK food production and wants the government to treat the food system as a national priority.
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