THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Aldi's sales and profits rise as it looks to double UK stores

Discount retailer Aldi saw its sales rise by 29.4% to £2.76 billion in the year to end December 2011 as it benefited from a £30 million store refit and expanded its customer base to include more affluent shoppers.

GENERAL MERCHANDISE

Aldi's sales and profits rise as it looks to double UK stores

Discount retailer Aldi saw its sales rise by 29.4% to £2.76 billion in the year to end December 2011 as it benefited from a £30 million store refit and expanded its customer base to include more affluent shoppers.

According to accounts filed at Companies House, the retailer’s operating profit surged from £18.7 million to £102.9 million in the year.  Post-tax profit reached £57.8 million compared with a £56 million loss in the previous year when the retailer suffered a £58.5 million property writedown.

Aldi also laid out its plans to potentially double the number of UK stores during the next ten years and said it would invest £181 million in opening 40 new stores by the end of 2013. This will take the total number of stores in the UK to 500 and create 4500 jobs.

Roman Heini, UK joint managing director, said the retailer was winning customers from "basically all other retailers" as it lured more affluent customers to its stores by stocking a selection of more upmarket products in addition to its value ranges.

He added: "We’ve seen a shift in the socio-demographics. Obviously we have kept the existing customers, so we still have the C1, C2 and D customers,  but we certainly now also see more A and especially B customers in our existing stores and also in the stores we have opened this year so far."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues