Aldi Invests £900M to Expand UK Stores and Logistics
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Investing.com - Aldi announced on Monday that it intends to deploy a record £900 million in 2027 to support its United Kingdom growth strategy, funding 40 additional stores and further developing its distribution infrastructure. The commitment comes despite slower sales momentum and operating profit that remained largely flat. The discount grocer, which currently operates 1,092 stores across the UK, stated that the planned £900 million will finance both the 40 new outlets and ongoing improvements to its logistics network. As part of its near-term rollout, Aldi said it will open 30 stores over the next 10 weeks, including new locations in Dumbarton, Newport and Willesden in London. For the year to Dec. 31, Aldi reported that turnover increased 5% to £19 billion. Operating profit was little changed at £432.9 million, as the company stepped up investment in pricing, infrastructure and staff wages. More recently, sales growth has moderated. According to Worldpanel data cited by Aldi, sales rose 0.7% in the 12 weeks to Sept. 6. The retailer did not provide like-for-like sales figures for the year. Aldi outlined a longer-term goal of expanding its UK estate to 1,500 stores. The company said its site strategy is centered on areas with limited existing retail options or competition, positioning the rollout as part of an effort to serve communities with restricted access to...
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