Aldi Makes A Jump in Profits in Great Britain Wants to Open Around 100 New Branches

The German discounter has increased its sales in the country to 12.3 billion pounds. Despite Corona, Aldi wants to open around 100 new branches by the end of 2021.

London The discounter Aldi earns more in Great Britain and wants to invest 1.3 billion pounds there within two years. Aldi wanted to open around 100 new branches there by the end of 2021 despite the corona epidemic, the chain announced on Monday. In addition, around 100 shops are to be modernized and distribution centers expanded.

Aldi, the fifth largest supermarket chain on the British market, had already announced that it would create around 1200 new stores there in 2025.

The discounter Aldi earns more in Great Britain and wants to invest 1.3 billion pounds there within two years.

Aldi, the fifth largest supermarket chain on the British market, had already announced that it would create around 1200 new stores there in 2025.

Aldi had increased sales by eight percent to 12.3 billion pounds last year. The operating profit climbed 49 percent to just under £ 300 million. Aldi had fought for a market share of around eight percent in Great Britain. The chain now wants to increasingly deliver groceries to consumers at home – they had ordered more and more goods over the Internet during the Corona crisis.

Arlier this month, Aldi launched a click and collect trial at a store in the Midlands. It now plans to roll this out to 15 more branches too.

It comes as the discounter today reported that sales increased by 8% to £12.28 billion in 2019, and it saw pre-tax profits jump by 49% to £271.5 million for the year.

Sales have continued to grow throughout the pandemic and Aldi has promised to keep its prices the “lowest in the market”.

Rivals Tesco and Morrisons have recently dropped prices in a bid to entice shoppers away from budget retailers such as Aldi and Lidl.

But both discounters have failed to cash in on the huge surge in demand for online orders and home deliveries since the start of the coronavirus lockdown.

Currently, only Specialbuys and booze are available nationwide for delivery from Aldi, while Lidl shoppers can’t order from its website at all.

In May, Aldi launched a home delivery service in partnership with Deliveroo but customers can only shop for essentials.

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