Aldi is set to invest more than £550m in expanding its store and distribution network during 2024.
The discount supermarket plans involve both launching new locations across the country and upgrading its existing stores and distribution centres.
The new stores are expected to create over 1,500 new jobs across the country, as well as provide further job opportunities in its current stores, regional distribution centres and UK offices.
The plans build upon the grocery retailer creating a national real estate team to meet its target of achieving 1,500 locations.
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Aldi UK and Ireland CEO Giles Hurley said: “We’re continuing to welcome more and more new customers through our doors – with people coming for our low prices but staying for our award-winning quality and British sourcing.
“However, there are still areas of the country that don’t have an Aldi, or that need more or larger stores to meet demand. That is what our 2024 expansion plans aim to address. We now have more than 1,000 stores across the UK but there are plenty more Aldi stores still to come, in 2024 and beyond.”
Aldi revealed it was on the lookout for new potential sites last September, citing freehold town centre locations with 1.5 acres and parking space as some of its requirements.