Aldi Invests $1.6B in Store Remodels, Distribution Centers, and More
UNITED KINGDOM - Aldi is one such retailer that continues to drive growth no matter what it does. Over the last few months alone, it has racked up headlines underscoring its aggressive expansion. Now, the retailer plans to invest another $1.6 billion (£1.3 billion) over the next years across its U.K. market.
“For over 30 years, our success has been driven by the ever-increasing number of shoppers who put their trust in Aldi every time they shop with us,” remarked Giles Hurley, Chief Executive Officer, Aldi UK and Ireland, in a press release. “This is what enables us to keep investing in Britain—in our products, our prices, our people, and in the communities we serve. The founding principle of our UK business back in 1990 was to offer a carefully-selected range of great quality products at the lowest prices. Whilst we’re continuing to innovate to give customers an even better experience and greater convenience, our core philosophy remains unchanged.”
The investment will be chiefly in new and upgraded stores, distribution centers, and additional innovations across the business, the press release went on to note.
Not only does Aldi plan to open roughly 100 new stores across the U.K. over 2020 and 2021, it also plans to upgrade over 100 stores under its Project Fresh initiative. The distrubiton centers will see an expanded network and the new ‘click and collect’ service will continue to grow.
As we cover the latest in Aldi’s expansion, stick with AndNowUKnow for more.