Discounter Aldi may be expanding rapidly in most European countries, however in Denmark, the retailer has announced that it is to close 32 stores, following a DKK 246 million loss in 2016.
While the business, which is part of Aldi Nord, posted a loss for the year, this is still a DKK 54 million improvement on its performance the previous year.
"We still believe in our business concept: high quality at low prices," commented Aldi spokesperson Thomas Bang. "We recognise that we need to give our customers a better shopping experience than we have done so far."
Revenue Rise
While Aldi has posted a loss for the year, it did see its revenue rise by DKK 90 million, to currently stand at DKK 3.66 billion.
Commenting on the business' strategy going forward, Bang added that the retailer plans to close "small and outdated stores" and open "new, large and modern shops". He added that the group will soon be unveiling a "modernisation plan" for its portfolio for the period 2017/18.
Aldi first entered the Danish market in 1977.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
