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Aldi Sales Rise but Profits Fall as It Plans £1.6bn Investment on UK Expansion
Aldi plans to create thousands of jobs and support British suppliers as it expands its presence to nearly 1,500 stores in response to rising demand for affordable groceries.
- Aldi reported sales of £18.1 billion across the UK and Ireland for the year ending December 2024.
- The sales growth from £17.9 billion in 2023 came despite a fall in operating profit to £435.5 million caused by price cuts, pay rises, and investment in infrastructure.
- To meet growing demand, Aldi announced a record £1.6 billion investment over the next two years, aiming to open 80 new stores and expand into 20 priority locations across the UK.
- Chief Executive Giles Hurley emphasized that Aldi remains uniquely dedicated to providing consistently low prices without membership fees or deceptive tactics, delivering reliable value and dependable quality to shoppers.
- This expansion will increase Aldi's presence from 1,060 stores towards a target of 1,500, create thousands of jobs, and extend affordable grocery access to more communities.
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Total News Sources26
Leaning Left4Leaning Right2Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 27%
C 60%
13%
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