Aldi to open 500 new shops in £550m growth drive

On Feb 13, 2024

Updated: 22:00, 12 February 2024

Expansion plans: Aldi is investing £550m this year as it hopes to open 500 more stores to bring its total number to 1,500

Expansion plans: Aldi is investing £550m this 12 months because it hopes to open 500 extra shops to carry its complete quantity to 1,500

Aldi has pledged to plough greater than half a billion kilos into opening shops because the grocery store wars sizzling up.

The discounter is investing £550million this 12 months because it hopes to open 500 extra shops to carry its complete quantity to 1,500. Aldi stated its growth push will create greater than 1,500 jobs this 12 months.

Aldi gross sales have surged over latest years as cash-strapped households have turned to cheaper supermarkets amid the price of dwelling disaster.

It even changed Morrisons because the UK’s fourth largest retailer in September 2022.

But trade knowledge reveals that Aldi’s slice of the market has slipped over latest months as conventional rivals Tesco and Sainsbury’s have tried to ramp up their competitiveness.

Giles Hurley, the boss of Aldi UK and Ireland, stated: ‘There are still areas of the country that don’t have an Aldi, or that want extra or bigger shops to satisfy demand.’

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