Aldi marks records sales with £800 million investment plans

Discount supermarket, Aldi, has followed record results the year ending December 2023 with an £800 million investment plan to grow its business in Great Britain further.

In its annual results, the supermarket recorded a £2.4 billion growth in sales in 2023, with pre-tax profits increasing from £152.6 million in 2022, to £536.7 million in 2023.

Following the record performance, Aldi is now embarking on a record £800 million annual investment programme and a £1.4 billion two-year plan. Plans include refurbishing 100 existing stores this year as well as expanding its network of distribution centres and updating technology infrastructure to support its growth. The retailer, which currently has over 1,000 stores, has previously announced plans to scale to 1,500 stores across the UK.

In the last three months, Aldi has also invested around £100 million in price cuts for consumers, while retail staff at the chain, including in its stores in Stockport, have benefited from a collective £79 million in pay increases over the course of 2024.

Giles Hurley, Chief Executive Officer for Aldi UK and Ireland, said:

“British shoppers are voting with their feet and choosing Aldi as their first-choice supermarket. We’re responding with our biggest ever annual investment in Britain.  

“For every £1 of profit generated last year, we’re investing £2 this year – opening more stores and building the supply infrastructure to bring high-quality, affordable groceries to millions more families the length and breadth of Britain.  

“We’re also investing at record levels to cut prices, reward our amazing colleagues and support more causes in our local communities. All while creating thousands more jobs and even more opportunities for our growing base of British suppliers and farmers.”