27 Sept 2021
British Supermarket Chain Aldi to Invest $1.8 to Boost Growth
The Index Today
Supermarket Group Aldi plans to invest 1.3 billion pounds to boost growth and increase its market share over the next two years. The group will open an additional 100 new stores across the nation, expand its logistics and infrastructure, and develop a new distribution center located in central England.
Aldi also plans to invest in technology and create around 2000 new jobs by the end of next year. The supermarket chain has proved to be competitive and has forced rivals including Sainsburys and Tesco to cut prices in recent months.
However, due to the Covid Pandemic, Aldi saw its market share decline as it failed to operate through an online front. According to Germany’s Aldi Sud, sales rose 10.2% in 2020 to 13.5 billion pounds. But the chain’s profits fell 1.2% to 287.7 million pounds.
The ongoing Covid pandemic has pushed Aldi to boost home delivery service and partner with Deliveroo. Other added services included click-and-collect and a checkout-free concept store.