Aldi announces 23-store expansion across the UK
The retailer is investing £800 million to accelerate growth across the region before the end of the year.
Aldi has announced its largest ever package of annual investment to accelerate its expansion across the UK.
The retailer is focusing on lowering prices and opening stores, as it aims to expand across 23 new locations before the end of the year. The new stores will be established across different areas of the region, including Muswell Hill, London and Mere Green, Birmingham.
The chain will also refurbish 100 existing stores this year as well as expanding its network of distribution centers and updating technology infrastructure to support its growth.
“For every £1 of profit generated last year, we’re investing £2 this year – opening more stores and building the supply infrastructure to bring high-quality, affordable groceries to millions more families the length and breadth of Britain,” said Giles Hurley, Chief Executive Officer for Aldi UK and Ireland.
The retailer, which currently has over 1,000 stores, has previously announced plans to scale to 1,500 stores across the UK. This latest announcement represents a record for annual investment under a £1.4bn two-year plan.
