Christmas sales at Aldi topped £1bn for the first time, as the German-owned discount supermarket continued its rapid expansion in the UK. Sales in UK in the four weeks to Christmas Eve rose by 7.9% compared with the same trading period of the previous year, the grocer said on Monday. The company did not report a like-for-like sales figure. Aldi aims to increase its UK chain from 874 stores to 1,200 by 2025.
The growth has weighed on profits as it pours money into new stores and cutting prices to boost sales. Figures published in September showed that Aldi’s 2018 profits fell by almost a fifth as it invested £530m in expansion. Aldi’s share of the UK grocery market stands at 8%, having increased by 0.4% during the past 12 months, it said. It is the UK’s fifth largest grocery retailer.
Source: The Guardian
