Expansion plans: Aldi is investing £550m this year as it hopes to open 500 more stores to bring its total number to 1,500
Aldi has pledged to plough more than half a billion pounds into opening stores as the supermarket wars hot up.
The discounter is investing £550million this year as it hopes to open 500 more stores to bring its total number to 1,500. Aldi said its expansion push will create more than 1,500 jobs this year.
Aldi sales have surged over recent years as cash-strapped families have turned to cheaper supermarkets amid the cost of living crisis.
It even replaced Morrisons as the UK’s fourth biggest retailer in September 2022.
But industry data shows that Aldi’s slice of the market has slipped over recent months as traditional rivals Tesco and Sainsbury’s have tried to ramp up their competitiveness.
Giles Hurley, the boss of Aldi UK and Ireland, said: ‘There are still areas of the country that don’t have an Aldi, or that need more or larger stores to meet demand.’