Aldi to invest $1.8 billion in British growth push

Signage is seen at a branch of Aldi Local, as discount supermarket chains Aldi and Lidl look poised to accelerate their push into home delivery to satisfy burgeoning demand for online grocery shopping in a shift expected to endure beyond the coronavirus crisis, in London, Britain, June 17, 2020. REUTERS/Toby Melville/File Photo

  • Plans 100 new stores
  • To create 2,000 new jobs
  • 2020 sales up 10.2%, profit down 1.2%
  • Says weathering supply chain disruption

LONDON, Sept 27 (Reuters) – German discount supermarket group Aldi will invest 1.3 billion pounds ($1.8 billion) in Britain over the next two years, opening a new store every week to try to accelerate its rapid growth in market share, it said on Monday.

The retailer plans to open another 100 new stores in Britain, expand its logistics infrastructure, including a new distribution centre in central England, and invest in technology.

It will create more than 2,000 new British jobs next year, adding to the 7,000…

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