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Aldi warns of higher supermarket prices as it announces stores expansion plan
- Aldi announced a record £1.6 billion investment over the next two years to open 80 new stores across the UK.
- This investment follows Aldi's accelerated sales growth, with 2024 revenues rising to £18.1 billion and market share reaching 10.8%, making it the UK's third largest grocer.
- The expansion includes 21 new stores opening within 13 weeks in locations from Shoreditch to Durham and Kirkintilloch, while Aldi currently operates 1,060 stores and aims for 1,500 nationwide.
- Aldi increased store worker pay twice in 2024, raising the minimum to £13.02 nationally and £14.35 in the M25, as CEO Giles Hurley said shoppers still find things difficult, so Aldi stays 'laser focused' on low prices.
- Despite profits falling from £552.9 million to £435.5 million due to investments in lowering prices, infrastructure, and wages, Aldi remains committed to supporting customers and expanding its footprint nationally.
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Aldi UK commits $2.2 billion to ramp up store expansion
The British arm of German discounter Aldi said it would invest 1.6 billion pounds ($2.2 billion) over the next two years to accelerate store expansion, doubling down on its commitment to the UK market despite a 21% drop in annual profit.
·United Kingdom
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Coverage Details
Total News Sources40
Leaning Left6Leaning Right3Center13Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 27%
C 59%
14%
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