Wednesday 19 September 2018

Tesco puts brakes on latest Aldi expansion

(Stock picture)
(Stock picture)

Gordon Deegan

The Irish arm of retail giant Tesco has put the brakes on plans by German discount retailer Aldi from further expansion here.

This follows An Bord Pleanála upholding Tesco's appeal against a decision by Dublin City Council to give Dunmull Ltd the green light for a new Aldi store and a nursing home on the Malahide Road at Clarehall in north Dublin.

The decision comes against the background of continued growth by the German firm in the multi-billion Irish retail market. The latest figures from Kantar Worldpanel show that Aldi has a 11.5pc share of the market and is tied with Tesco for the title of fastest growing retailer in the most recent survey.

Tesco has a 22pc share of the market and last December Aldi announced another 400 new jobs through 20 new store openings.

However, Aldi won't be progressing with its Clarehall plan in the immediate future after the appeals board's decision.

The board stated that the proposed development would be contrary to the objectives for the area and be would be a barrier to their achievement.

Irish Independent

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