Aldi, has announced its largest ever package of annual investment to accelerate its expansion as it plans to open 23 new locations before the end of the year, including Muswell Hill, London and Caterham, Surrey – marking a record £800m annual investment programme and a £1.4bn two-year plan. It is also refurbishing 100 existing stores this year as well as expanding its network of distribution centres and updating technology infrastructure to support its growth.
The company said its pre-tax profit had increased to £536.7m, driven by record sales combined with greater efficiencies across its stores and central functions compared with the prior year. Aldi said it had invested almost £100m in over 300 price cuts in the last three months.
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