Aldi plans record £800m store investment after sales and profits jump

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The discount supermarket said it was opening 23 stores by the end of the year and revamping another 100 shops as part of the record investment plans.

Aldi has unveiled plans to spend £800 million to ramp up expansion across the UK in its largest annual investment as it reported surging sales and profits.

It was recently announced it was looking to recruit 380 new staff for its stores in the West Midlands, Shropshire and Staffordshire. The 23 new locations for stores over the next 16 weeks include Muswell Hill in London and Caterham in Surrey. Pre-tax profits more than tripled to £536.7 million from £152.6 million in 2022, which Aldi said was also down to cost savings across the business.

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