Last year Aldi UK, owned by Germany’s Aldi Süd, overtook Morrisons to become Britain's fourth largest grocer. It currently trades from about 990 stores and has a UK grocery market share of 9.2%, according to researcher Kantar.
However, it is relatively under represented in the capital, which partly reflects a shortage of suitable sites.
To help identify sites, Aldi UK is offering property agents a finder’s fee of either 1.5% of a freehold price or 10% of the first year’s rent for leasehold sites, for recommending a previously unknown site.
Store Expansion Target
Aldi UK's overall store target is 1,200 by 2025. It invested £700 million (€788.1 million) in 2022 and plans to invest £600 million (€675.5 million) in 2023.
Last week Aldi UK said it would create over 6,000 jobs this year, continuing its expansion plans after a robust performance over the key holiday season.
Aldi and Lidl, another German discount retailer, reported double-digit sales growth for the Christmas period on strong demand for their low-price products during a cost-of-living crisis.
Wage Hike For Warehouse Workers
In January of this year, the discounter said it would increase pay rates for around 7,000 warehouse workers from February, a third rise since January 2022.
From 1 February warehouse workers will receive a minimum rate of £13.18 (€14.8) an hour, up from £11.48 last January.
Many UK employers are offering higher pay deals in the face of a still tight labour market and the escalating cost of living.