Aldi commits £40m to open eight London stores this year

German discount grocer Aldi is acceptable to walk £40m ($54m) connected 8 caller stores successful London this twelvemonth arsenic it continues to widen its UK footprint.

According to the property statement, the enlargement is expected to make hundreds of jobs and amended entree to lower-cost market options successful areas presently underserved by discount retailers.

Aldi UK nationalist existent property managing manager Jonathan Neale said: “We cognize household budgets are inactive nether pressure, and excessively galore Londoners bash not person an Aldi wrong casual reach. These caller stores volition bring our unbeatable worth to much families portion creating astir 200 caller jobs crossed the capital.”

Alongside the caller openings, Aldi said its Enfield and Kilburn stores are owed to acquisition refurbishment this year.

The London openings are portion of a wider UK concern program nether which the retailer intends to walk much than £370m connected astir 40 caller stores crossed the state this year.

That programme follows past year’s announcement of a £1.6bn concern implicit 2 years, supporting Aldi’s longer-term ambition to turn its UK property to 1,500 stores.

Outside the UK, Aldi said earlier this twelvemonth that it plans to unfastened much than 180 further stores successful the US by the extremity of 2026 arsenic portion of a five-year enlargement strategy.

The US rollout is owed to span 31 states and would instrumentality Aldi’s store property determination to astir 2,800 by year-end.

"Aldi commits £40m to unfastened 8 London stores this year" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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