Aldi To Open 130 New UK Stores As Sales And Market Share Rise

LONDON (Alliance News) - German discount supermarket chain Aldi said Monday its plans to boost ...

Alliance News 1 October, 2018 | 10:01AM
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LONDON (Alliance News) - German discount supermarket chain Aldi said Monday its plans to boost its store numbers in the UK & Ireland, as it recorded increase in annual sales on a higher number of customers.

For 2017, Aldi's sales increased 16% to GBP10.18 billion from GBP8.74 billion in 2016. The growth represents a higher rate than the overall grocery market's 3% rise in the same period, according to Kantar Worldpanel data.

The grocer's number of customers in 2017 increased 7.5% to 15.8 million from 14.7 million.

Aldi said it is planning to build 130 new stores over the next two years, alongside "major investment" in new and existing regional distribution centres that is expected to create 5,000 new jobs.

The supermarket – now Britain’s 5th biggest with over 775 stores – gained more market share than any other last year, according to Kantar Worldpanel data.

In the 12 weeks to September 9, it accounted for 7.6% of all UK grocery spend, according to Kantar. In the same period, Aldi's sales increased by 14%.

Chief Executive Officer Aldi UK and Ireland Giles Hurley said: "The revolution in British grocery shows no sign of slowing. While other grocers introduced more complexity into their businesses in their struggle to win back customers, we stuck to our guns and focused on doing what Aldi does best – buying smart, staying lean, improving quality and keeping prices low."

By Paul McGowan;

Copyright 2018 Alliance News Limited. All Rights Reserved.

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