Aldi to Double Their Store Presence in London

Aldi to Double Their Store Presence in London


Food/Health

Aldi have announced plans to more than double the number of stores they have in London by the end of 2025. The German owned discount supermarket chain currently has 45 stores located within the M25 and wants this to rise to 100.

These additional stores will consist of standard sized outlets as well as smaller sized local format shops. The smaller local format outlets will typically be half the size of standard stores, with a product range of around 1,500. Within London Aldi currently has a market share of 3.4% compared to 8.1% nationally and therefore sees potential growth within the capital.

UK Expansion

The store expansion within London is being reflected across the UK as a whole by Aldi. Nation-wide they have 840 stores, to which the company want to open an additional 100 over the next two years. The discount chain’s stated target is to have 1,200 supermarket outlets across the country by the end of 2025, with over half of UK households already shopping with them. The smaller sized local format stores have been trialled since March, proving successful with customers and will be an important part of the forthcoming expansion.

Record Sales

Currently the fifth largest Supermarket in the UK, Aldi posted record sales figures last year. Their annual trading update recorded an increase of 11%, equating to total sales worth £11.3 billion. This compares to a national growth rate in the supermarket trade of 2.5%. However, the update also recorded a fall in annual operating profits of 26%, a drop they attribute to price reductions and investment in new stores. Last year Aldi say they invested £531 million, with a further £1 billion earmarked for investment over the next two years, which also includes store upgrades and new distribution centres.

Customer Demand

Aldi first hit the UK supermarket scene in 1990 and demand for their services seems to keep rising. The company claim the average basket of everyday products is 24% lower in their shops compared to the big four in the trade. It also sees its Project Fresh initiative as key in claiming a bigger share of the UK market, investing £300 million to create more space in their stores for fresh and chilled foods, as well as food-to-go. This is alongside easier layouts, wider aisles and better fixtures and fittings, all designed to enhance the customer experience and create loyal returning customer trade.

News written by the team of The-shops.co.uk The-Shops.co.uk

News in the same category

The Scotch Whisky Association fiercely protects its liquor's roots

The Scotch Whisky Association fiercely protects its liquor's roots

Being a reference comes with one main disadvantage: imitations. Way to many producers use biased visual identities or designations to let people assume their whisky is indeed Scottish. This is a round-the-clock mission for the Scotch Whisky Association.

  • Food/Health
Where does the meat for ready meals come from?

Where does the meat for ready meals come from?

Several consumer associations met to launch an awareness campaign about the origin of meat in transformed products, with the hope of changing European legislation.

  • Food/Health
  • Way of consumption
New luxury restaurant Haute Dolci coming to Leeds

New luxury restaurant Haute Dolci coming to Leeds

Leeds will soon be getting it's very own luxury dessert restaurant. Haute Dolci, a gourmet dessert restaurant will be opening its doors for business at The Light on the 31st August.

  • Food/Health
Best Coffee Shops in Edinburgh

Best Coffee Shops in Edinburgh

Edinburgh is a popular destination for those looking to explore a city rich with history and fantastic nightlife. However, between the exploring and partying, many people like to relax with a nice cup of coffee.

  • Food/Health
Aldi to Double Their Store Presence in London
Chain stores related to the news
Aldi
  • 484 store Aldi listed
> All news Aldi