Aldi Ireland plans to launch 30 new stores

Aldi Ireland plans to launch 30 new stores
Aldi Ireland has unveiled plans to invest €320m from 2022 to 2024 as it opens 30 new stores across the country.
The supermarket chain said its profit before tax came to €71.2m in 2020, a jump of 46% on the figure for the previous year, while its turnover for the year grew by 14% to €2 billion from €1.74 billion in 2019.
Aldi Ireland also said it would invest €320m from 2022 to 2024 as it plans to open 30 new stores across the country. It already has 149 stores nationwide.

It marks the first time the German owned retailer has announced financial results for its Irish operations.

Aldi Ireland said it plans to increase its investment in Ireland by more than 75% over the next three years compared to 2019-2021.

New Aldi stores are set to open in Cahersiveen in Co Kerry, Ballina in Co Mayo, Clonakilty in Co Cork, Castlecomer in Co Kilkenny, Ardee in Co Louth and Athenry and Tuam in Co Galway next year.

The company held 11.2% of the Irish grocery market at the end of 2020, according to Kantar. Its market share growth has continued into 2021 with the company’s market share now standing at 12.7%.

Aldi Ireland added 484 people to its workforce in 2020, growing its team to 4,460, and  said it paid €149m in wages and salaries in 2020, 14% more than 2019.

Niall O’Connor, Group Managing Director at Aldi Ireland, said its latest investment builds on the €1.6 billion it has already invested in Ireland and is a clear sign of its ambition, and the demand that exists for Aldi to be in more locations across Ireland.

“It’s also great news for Irish food and drink producers, who will have more opportunity to trade with Aldi. We will spend over €1 billion with Irish producers this year, an increase of almost 20% on 2020,” Mr O’Connor said.