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News : UK Economy Last Updated: Nov 11, 2014 - 8:04 AM


German retailer Aldi to create 35,000 new jobs in UK by 2022
By Finfacts Team
Nov 11, 2014 - 8:01 AM

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German retailer Aldi plans to create 35,000 new jobs in the UK as it almost doubles the total number of stores over the next eight years.

Aldi said it plans to invest £600m in UK with store numbers set to more than double through the opening of 550 new outlets by 2022.

The announcement was made on Monday during a visit by David Cameron to Aldi's UK headquarters in Warwickshire.

The Financial Times says that in the year to October 12, Aldi’s sales in the UK rose 31.7%, while Lidl’s rose 18.8% and Tesco’s sales fell 2.2%.

The FT says the British arms of the two German retailers have been winning more affluent shoppers by improving the quality of their food and introducing more premium products. This Christmas Aldi will be selling caviar and a whole cooked crab, while Lidl’s festive range includes legs of serrano ham and whole lobsters.

The Guardian says Aldi’s grocery market share in the UK stands at 4.8% following rapid growth by discounters including German rival Lidl.

Aldi opened 42 stores last year and is on course to open a further 54 this year, with another 60-65 planned for 2015. The Aldi group now has more than 7,000 stores across three continents.


© Copyright 2011 by Finfacts.com

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