British supermarket firm Aldi to invest £1.3 bn over two years

British supermarket firm Aldi to invest £1.3 bn over two years

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Aldi, Britain’s lowest-priced and favourite supermarket, has pledged to invest £1.3 billion over the next two years (2022-2023) in a bid to further accelerate its share of the UK market. The plans are expected to create more than 2,000 new jobs next year, adding to the 7,000 permanent roles already created over the past two years.

 

Aldi, Britain’s lowest-priced and favourite supermarket, has pledged to invest £1.3 billion over the next two years (2022-2023) in a bid to further accelerate its share of the UK market. The plans are expected to create more than 2,000 new jobs next year, adding to the 7,000 permanent roles already created over the past two years.

In its annual trading update, Aldi said sales in the UK and Ireland rose 10.2 per cent to a record £13.5 billion in the year to December 31, 2020 (2019: £12.3 billion). Latest data shows Aldi is attracting more new shoppers through its doors than any other supermarket with a UK market share of 8.1 per cent. 

 

Aldi, Britain’s lowest-priced and favourite supermarket, has pledged to invest £1.3 billion over the next two years (2022-2023) in a bid to further accelerate its share of the UK market. The plans are expected to create more than 2,000 new jobs next year, adding to the 7,000 permanent roles already created over the past two years.

As part of its forward investment plans, Aldi said it would continue to grow its retail estate with 100 new stores across the UK over the next two years, as well as expanding its logistics infrastructure, including a new 1.3 million sq ft site in Leicestershire. Further investment is being made into Aldi’s popular click and collect service and technology initiatives to support further growth.

 

Aldi, Britain’s lowest-priced and favourite supermarket, has pledged to invest £1.3 billion over the next two years (2022-2023) in a bid to further accelerate its share of the UK market. The plans are expected to create more than 2,000 new jobs next year, adding to the 7,000 permanent roles already created over the past two years.

“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,” Giles Hurley, chief executive officer for Aldi UK and Ireland, said in a press release. 

 

Aldi, Britain’s lowest-priced and favourite supermarket, has pledged to invest £1.3 billion over the next two years (2022-2023) in a bid to further accelerate its share of the UK market. The plans are expected to create more than 2,000 new jobs next year, adding to the 7,000 permanent roles already created over the past two years.

“As well as delivering record sales, we continued to invest for growth, deploying over £600 million in stores and distribution centres across the UK. This helped to create thousands of much-needed jobs and support for British farmers and manufacturers,” Hurley added. “Whilst the cost of responding to the pandemic dampened profits, our decision to return business rate relief was the right thing to do.”

 

Aldi, Britain’s lowest-priced and favourite supermarket, has pledged to invest £1.3 billion over the next two years (2022-2023) in a bid to further accelerate its share of the UK market. The plans are expected to create more than 2,000 new jobs next year, adding to the 7,000 permanent roles already created over the past two years.

“We’re continuing to gain even more customers – with over 60 per cent 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,” Hurley said in the release.

Fibre2Fashion News Desk (JL)



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