Aldi Store Openings

RETAIL NEWS - Discount retailer Aldi has pledged to open a new store in the UK every week on average for the next two years and would invest £1bn to achieve this aim. This comes after the supermarket’s sales rose last year, but profits fell sharply.

Aldi attracted more than 800,000 new customers last year, leading to extra £1.1bn in sales, up 11% on the previous year. However, profits fell 18%, partly due to price cuts aimed at keeping its competitiveness.

The retailer has over 840 stores across the UK and is increasing its focus on London. “The reality is that almost 50% of the population of the UK doesn’t currently shop with us and they tell us the main reason for that is that they don’t have a store near us,” said Aldi’s Giles Hurley.

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