News Formal

Aldi announces massive £800million investment to open 23 new stores

  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 89%

Supermarkets News

United States United States Latest News,United States United States Headlines

Aldi has announced it will open 23 new stores before the end of 2023, marking a record £800m annual investment programme

Aldi has unveiled its most significant annual investment package to date, aimed at accelerating its expansion. The supermarket chain plans to open 23 new stores before the year's end, including in Muswell Hill, London and Caterham, Surrey.

Currently boasting over 1,000 stores, Aldi has previously revealed plans to expand to 1,500 stores across the UK. The record investment announcement coincides with its latest annual results for the 12 months to December 2023, which showed a sales increase of £2.4bn to £17.9bn a 16% rise and its highest ever period of sales growth.The company reported a pre-tax profit increase to £536.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aldi to open 23 new shops as it announces £800million investment100 existing stores will also get major upgrades
Source: nottslive - 🏆 96. / 52 Read more »

Aldi plans record £800m store investment after sales and profits jumpThe 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.
Source: ShropshireStar - 🏆 98. / 51 Read more »