London — The rapidly growing retailer is investing more than £109 million over the next 12 months, constructing new build stores and a distribution center in the U.K.
London — After a visit to Aldi’s head office by the Prime Minister recently, figures reveal that the rapidly growing retailer is investing more than £109 million over the next 12 months, constructing new build stores and the development of a state-of-the-art distribution center in the U.K.
The data from Barbour ABI highlights that 33 new stores should start construction within the next 12 months, 16 of which already have planning permission. This will take Aldi’s investment to over £84 million, alongside a £25 million distribution center in Cardiff, which begins construction in the second quarter of 2015. This coincides with a £62 million investment for 31 new stores that have already begun construction so far in 2014.
The news comes after Aldi’s recent announcement that it intends to have 1,000 stores open in the U.K. by 2022.
“Aldi will see the U.K. as a major overseas target for expansion after steadily increasing their market share over the last few years, enticing customers from the traditional ‘Big Four’ supermarkets with their budget price products,” says Michael Dall, lead economist at Barbour ABI. “Aldi’s investment is an indication of the continuing change within the supermarket industry in the U.K.
Barbour ABI is a leading provider of construction intelligence services headquartered in Cheshire Oaks, Cheshire. For more information, visit http://www.barbour-abi.com.
SOURCE: Barbour ABI