Aldi posts ‘record’ full-year results

Supermarket retailer Aldi has reported an 11% increase in sales to £11.3bn for the financial year ending December 2018.

The sales increase amounts to more than £1.1bn of additional revenue and the grocer said the growth was fuelled by over 800,000 more customers shopping with Aldi.

It currently operates over 840 stores, and plans to open more than 100 new stores across the UK over the next two years, as part of its long-term target of 1,200 stores by the end of 2025.

The supermarket, which opened its first UK store in 1990, said it invested £531m last year, with a further £1bn planned over 2019 and 2020 in new stores, store upgrades and distribution centres.

CEO Giles Hurley, Aldi UK and Ireland, said: “Every day, thousands of British shoppers are swapping and saving with Aldi thanks to our carefully-selected range of great quality products and our commitment to the lowest prices in grocery.

“Whilst our expansion will continue to reach every part of the UK, we’re increasing our focus on London, where our market share is just 3.4%, compared to 8.1% nationally. London shoppers regularly tell us they would switch to Aldi if there was one nearby, so there is clearly a significant growth opportunity for us in the capital.”

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