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September 28, 2021

Aldi UK and Ireland reports 10.2% increase in annual sales

The group has committed to investing £1.3bn over the next two years to expedite its growth in the UK.

The UK and Ireland branch of discount supermarket chain Aldi has reported that its annual sales increased by 10.2% to £13.5bn ($18.3bn) in the 12 months to 31 December, compared to £12.28bn ($16.6bn) in the previous year.

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The company’s pre-tax profits dropped by 2.5% to £264.8m ($358.4m) from £271.5m ($367.5m) in 2019.

Its operating profit also fell by 1.2% to £287.7m ($389.4m), compared to £291.2m ($394m) in the previous year.

Aldi UK and Ireland CEO Giles Hurley said: “Whilst 2020 was an extremely challenging year, our 41,000 colleagues stepped up when it mattered most – their dedication to the communities they serve has been nothing short of remarkable.

“Despite some of the most difficult conditions our sector has ever seen, our people underlined the strength, success and spirit of our business.

“As well as delivering record sales, we continued to invest for growth, deploying over £600m in stores and distribution centres across the UK.

“This helped to create thousands of much-needed jobs and support for British farmers and manufacturers.”

In a separate development, Aldi has committed to investing £1.3bn ($1.8bn) over the next two years to aid its growth in the UK grocery market.

The company will open 100 stores across the UK over the next two years and add more than 2,000 jobs to the 7,000 permanent roles created over the past two years.

Hurley added: “We’re continuing to gain even more customers – with over 60% of households shopping with Aldi in the last year.

“By redefining the discount supermarket in the UK, creating more places and more ways to shop with us, we are excited to provide millions of new customers with access to Aldi’s award-winning quality and unbeatable value.”

Aldi recently announced trials of a checkout-free concept store in London, UK.

The store allows customers to scan a smartphone app when entering, then collect their items and walk out without having to pay at a checkout.

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.