Aldi to invest over £550m into store and distribution network

13th February 2024 | Jack Oliver

Aldi has said it will invest over £550m into its store and distribution network over the course of the year.

This includes plans to open new stores across the country, as well as invest into its existing locations and distribution centres.

The supermarket retailer said the new store openings will generate over 1,500 jobs nationwide, with further job opportunities in its stores, distribution centres, and offices.

Aldi – which currently operates over 1,000 stores in the UK – has a long-term target of 1,500 locations across the country.

Giles Hurley, CEO of Aldi UK and Ireland, said: “We’re continuing to welcome more and more new customers through our doors – with people coming for our low prices but staying for our award-winning quality and British sourcing.

“However, there are still areas of the country that don’t have an Aldi, or that need more or larger stores to meet demand. That is what our 2024 expansion plans aim to address. We now have more than 1,000 stores across the UK but there are plenty more Aldi stores still to come, in 2024 and beyond.” 

The retailer is on the lookout for freehold town-centre or edge-of-town sites that are around 1.5 acres and can accommodate a 20,000 sq ft store with around 100 parking spaces. Ideal locations will be near a main road with good visibility and access.

In January, Aldi announced that it would be investing £56m into its Scottish estate over the next two years.


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