Aldi will spend more money opening new stores and upgrading existing ones this year
The discount supermarket will also use the money upgrading current shops, after being named 2023's cheapest market by consumer group Which?. The expansion is said to be creating more than 1,500 jobs across the country.
Areas Aldi are hoping to target for new stores this year include Warrington, London, Penzance, Bath, Maidenhead, Worthing, Newcastle upon Tyne, Nottingham, Derby, Birmingham, Cambridge, York, Cardiff and Cathcart. The Germany-based chain, which overtook Morrisons as the fourth largest supermarket in 2022, has surged in recent years thanks to its lower prices and own-brand products.
It hailed its "best ever" Christmas performance, with UK sales up 8% year-on-year to a record of more than £1.5 billion in the four weeks to December 24. Alongside rival discounter Lidl, they have grown their share of the grocery market as shoppers looked to make savings in the face of higher inflation. Aldi did not specify how many new shops will be opened this year, but is expected to give more details in the coming months.
Giles Hurley, CEO of Aldi UK and Ireland, said: “We’re continuing to welcome more and more new customers through our doors – with people coming for our low prices but staying for our award-winning quality and British sourcing. “However, there are still areas of the country that don’t have an Aldi, or that need more or larger stores to meet demand. That is what our 2024 expansion plans aim to address. We now have more than 1,000 stores across the UK but there are plenty more Aldi stores still to come, in 2024 and beyond.”
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