Aldi to open 23 new stores across UK in 2023

Aldi is set to open 23 new supermarket locations across the UK by the end of 2023, as part of a significant expansion strategy. The company is investing £800 million to enhance its presence in Britain, which includes the opening of new branches in areas such as Muswell Hill, London, and Caterham, Surrey. So far, 13 of these new stores have been confirmed, although specific opening dates remain undisclosed. In addition to the new stores, the investment will also focus on refurbishing 100 existing locations and expanding the distribution network. This move is aligned with Aldi's goal to increase its store count to 1,500, up from the current 1,020. The expansion comes in response to a notable increase in sales, which grew by £2.4 billion, or 16%, reaching £17.9 billion for the year ending December 2023. Aldi's pre-tax profit has also seen a significant rise, climbing to £536.7 million from £152.6 million in 2022. This growth reflects a shift in consumer behavior, with more British shoppers opting for Aldi as their preferred supermarket. The Chief Executive Officer, Giles Hurley, emphasized the company's commitment to investing in the UK market, stating that for every £1 of profit made last year, £2 will be reinvested this year. The expansion is expected to create thousands of jobs and provide more opportunities for local suppliers and farmers. Aldi's strategy not only aims to enhance its market share but also to support local communities and maintain competitive pricing for consumers.