| 16.3°C Dublin

Aldi to create 35,000 jobs and open 550 stores in UK

Close

The £600m move would see Aldi have 1,000 stores in its UK portfolio by 2022

The £600m move would see Aldi have 1,000 stores in its UK portfolio by 2022

The £600m move would see Aldi have 1,000 stores in its UK portfolio by 2022

Discount retailer Aldi plans to create 35,000 new jobs in the UK by opening 550 new stores over the next eight years.

The £600m move would see the group have 1,000 stores in its UK portfolio by 2022.

"Our expansion plans mean that we can accommodate growing shopper numbers," joint group managing director Matthew Barnes said yesterday.

Last year the retailer's UK arm made a pre-tax profit of £260.9m (€333.2m), 65pc higher than in 2012.

Aldi and its rival Lidl have been eroding the market shares of the so-called "big four" UK retailers - Tesco, Sainsbury's, Asda and Morrisons.

In the 12 weeks to September 14, Aldi had a UK market share of 4.8pc, up from 3.7pc a year earlier. according to Kantar Worldpanel.

In May, Aldi's Irish arm announced plans to hire 450 new staff. Yesterday the firm told the Irish Independent that the recruitment drive has begun, with openings for area managers, store managers, assistant store managers and store assistants.

The retailer has 112 stores across Ireland and will open its latest store at the Elysian building in Cork City before Christmas.

It plans to open nine new stores here in 2015.

Aldi had an Irish market share of 8.4pc in the 12 weeks to October 12 - making it the country's fourth largest supermarket.

 

Irish Independent