1. News
October 15, 2021

Aldi confirms plans to open 100 UK stores in next two years

The retailer will invest £1.3bn ($1.7bn) by 2023 to advance the development of its UK retail estate.

The UK branch of discount supermarket chain Aldi has confirmed plans to add a further 100 stores to its retail estate by 2023.

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The announcement is in line with the company’s plan of opening a store each week as it aims to increase its grocery market share in the UK.

Aldi will invest a total of £1.3bn ($1.7bn) over the next two years to facilitate the expansion.

The retailer currently has a network of more than 920 stores across the UK.

In addition to opening stores, Aldi will also focus on opening distribution centres and expanding those it already operates.

The retailer first revealed its expedited UK expansion plans when presenting its annual financial results last month.

The expansion is expected to create more than 2,000 jobs over the period, with Aldi having created 7,000 permanent positions in the last two years.

The supermarket chain has provided an updated list giving locations of the new sites, which include cities such as York, Coventry, Bicester and Hitchin.

It is currently looking for sites on main roads that could accommodate a 20,000ft² store, offer visibility and access and have space for around 100 vehicles to park.

Aldi UK communications director Richard Thornton said: “We’re continuing to gain even more customers – with over 60% of UK households shopping with Aldi in the last year.

“Our focus is on expanding our store estate, making sure Aldi is accessible to as many of these new shoppers across the country as possible.

“Looking ahead, we are excited to provide millions of new customers with access to Aldi’s award-winning quality and unbeatable value as we create even more places and more ways to shop with us.”

In February, Aldi’s US branch announced plans to open around 100 stores across the country by the end of the year.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.