The discount supermarket chain has revealed plans to spend more than £550 million on opening new stores and upgrading existing ones this year
Aldi has announced plans to splash out £550 million this year on opening new stores and sprucing up existing ones across the UK.
The discount supermarket chain, crowned 2023’s cheapest by consumer group Which?, said the move will create over 1,500 jobs. Giles Hurley, Aldi ‘s boss in the UK and Ireland, said the expansion aims to fill gaps where “there are still areas of the country that don’t have an Aldi, or that need more or larger stores to meet demand”.
The German-based supermarket, which leapfrogged Morrisons to become the UK’s fourth largest in 2022, has seen a surge in popularity thanks to its bargain prices and own-brand products. Aldi celebrated its “best ever” Christmas, with UK sales jumping 8% year-on-year to a record-breaking £1.5 billion in the four weeks leading up to Christmas Eve.
Together with rival Lidl, they’ve increased their slice of the grocery market as shoppers hunt for bargains amidst rising inflation. While Aldi hasn’t revealed how many new shops it will open this year, it’s expected the timeline for store openings soon.
The £550-million investment will also be used to upgrade its current stores, warehouses and UK offices, creating even more job opportunities. Aldi already got over 1,000 stores and are looking to open 500 more soon.
Mr Hurley, said: “We’re continuing to welcome more and more new customers through our doors with people coming for our low prices but staying for our award-winning quality and British sourcing. We now have more than 1,000 stores across the UK but there are plenty more Aldi stores still to come, in 2024 and beyond.”
It previously said it was searching for sites in priority locations including parts of London, Penzance, Bath, Maidenhead, Worthing, Warrington, Newcastle upon Tyne, Nottingham, Derby, Birmingham, Cambridge, York, Cardiff and Cathcart.