Aldi to create 2,000 jobs over two years in £1.3bn investment plan

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Aldi has revealed plans to create 2,000 jobs next year as it reported a dip in annual profits partly blamed on the COVID19 pandemic

Aldi has revealed plans to create 2,000 jobs next year as it reported a dip in annual profits partly blamed on the pandemic.

The German-owned discount supermarket said it was investing £1.3bn over the next two years, adding 100 new stores and a logistics centre in Leicestershire, as it aims to ramp up further its share of the UK grocery market. Aldi said sales in the UK and Ireland rose 10.2% to £13.5bn in 2020 but that pre-tax profits dipped by 2.5% to £264.8m thanks to"continued investment in price and the cost of responding to the pandemic".Chief executive Giles Hurley said the sector had experienced some of the most difficult conditions ever. Pic: Aldi

The company does not publish like-for-like sales figures - a metric that strips out the impact of store expansion in boosting overall sales. But it pointed to industry data showing more than 60% of households had shopped with Aldi at some point over the year.It is now investing in innovations such as click-and-collect, which has already been rolled out to 200 stores, and plans for a check-out free concept store in Greenwich, south east London.

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Your profit probably dipped cos your not as cheap as you used to be

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