Discount supermarket chain Aldi plans to open around 70 stores and refurbish more than 100 stores in the UK next year using a £300m investment.

This move comes after posting a 12% increase in sales to £7.7bn last year.

Its operating profits declined 1.8% to £255.6m, which the retailer claimed was due to its continued investment in prices.

"In the last fiscal year, Aldi invested £536.2m into opening new stores and improving its distribution network."

The supermarket chain intends to boost its fresh produce and baby ranges, as well as launch a food-to-go feature in outlets under the latest investment plan.

The discount retailer currently has around 780 outlets in the UK, and plans to have 1,000 stores by 2022.

In the last fiscal year, Aldi invested £536.2m into opening new stores and improving its distribution network.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This attracted around 760,000 new customers, increasing its share in the market by approximately 15%.

In the last five years, the retailer has invested around £1.7bn in the UK to open new stores and boost distribution network.