New shops to open as Aldi revenues reach record high

Aldi is to open 80 new shops over the next two years after sales hit a record high.

On top of the new sites to be launched, the UK arm of the German discount retailer said a further 21 stores will open within the next 13 weeks, in London, Durham, and Scotland.

Earlier this year, Aldi also said it was seeking sites in Bromley and Ealing in London, South Shields in Tyne and Wear, and Witney in Oxfordshire.

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It comes as Aldi’s UK and Ireland annual revenue reached a new record of £18.1bn in 2024.

The retailer’s market share continued to rise as Aldi said more families were choosing it as the place to do their weekly shop and were also going more frequently for top-up shops.

Aldi has overtaken Asda to become the UK’s third most popular supermarket.

Following the record revenue, the retailer announced another record figure, an investment of £1.6bn over the next two years to open the new shops.

There are currently 1,060 Aldis in the UK, with an ambition to bring the total to 1,500.

But despite the fact revenue has never been higher, profit fell more than £100m – dropping to £435.5m, down from £552.9m a year earlier.

This came due to pay increases for staff, cutting prices for customers and investment, Aldi said.

Store assistant pay rose this month to a minimum of £13.02 an hour nationally, and £14.35 within the M25.