Aldi to invest €400m in new stores and jobs over next five years
Aldi has spent €10 billion with Irish suppliers since 1999 - 58% increase in purchases from Irish suppliers since 2019
Print10 June 2024
Aldi has announced its plans to invest €400 million in 30 new stores with the creation of 1,000 new local jobs over the next five years.
The stores will be located across the country in 13 counties, including Dublin, Cork, Sligo, Wicklow, Kildare, Galway, Monaghan, Longford, Limerick, Kilkenny, Meath, Mayo and Donegal.
The discounter highlighted that it will be recruiting for roles right across its store network, warehouse operations and office facilities.
Additionally, despite easing inflation, Aldi noted that it will continue to implement its price cuts programme this year to support customers as we all emerge from an acute inflationary period and has invested €20 million already this year in over 400 price cuts, with further investment planned for the rest of 2024.
Capital expenditure in Ireland
Since 1999, Aldi has invested more than €2 billion in capital expenditure in Ireland.
The additional investment over the next five years comes as Aldi announced its economic contribution to Ireland in 2023 was €757 million while the retailer spent €1.1 billion with Irish suppliers.
‘Aldi in Ireland, 1999-2024′
The data is included in its latest economic impact report, ‘Aldi in Ireland, 1999-2024′ which was published as the retailer marks 25 years in the Irish market and records the impact it has made on the economy since entering the country in 1999.
The company delivers a substantial economic impact through supporting Irish suppliers. The retailer reported a 58% increase in purchases from Irish suppliers since 2019, and Irish suppliers now account for almost half of all sales at Aldi.
Aldi has paid more than €1.3 billion in wages over the past 25 years and its capital investment in Ireland since 1999 is €2 billion.
Directly, and indirectly, Aldi supports more than 12,500 jobs in Ireland, and is responsible for a regional spread of employment far above the national average, research shows.
These figures are outlined in the ‘Aldi in Ireland, 1999-2024′ report which includes economic analysis from Dublin City University Associate Professor Emeritus of Economics Anthony Foley and includes key facts and figures that demonstrate the scale of Aldi’s operations in Ireland and how the business has grown since 1999.
The report tells a tangible story about the company’s growth, development and commitment to Ireland and the communities each store serves.
Aldi is celebrating the 25 years of business milestone with its customers, colleagues, suppliers, and stakeholders.
Commenting, Niall O’Connor, group managing director, Aldi Ireland, said: “Since first entering the Irish market 25 years ago, Aldi has had a significant positive impact on the Irish grocery market.
“We introduced the discount retailer model to Ireland which has succeeded in delivering low prices, value, choice and competition to the Irish retail market.
“People who shop in Aldi know that they will never have to choose between quality, healthy food and price, and we are committed to offering the best value of any supermarket.
“We take great pride in working together with our local suppliers to bring quality, affordable products to our customers.
“We know that our Irish supplier network is the lifeblood of our success – their success is our success, and we’re proud to have been their champion for the last quarter of a century.”
Professor Anthony Foley analysis
Aldi Ireland noted that it commissioned Professor Foley to provide an analysis of the economic contribution and impact that the retailer has made, and continues to make, to the Irish economy.
The analysis found:
- For every 1% in lower prices, for which the Aldi presence contributes, consumers are saving at least €90 million per year
- Aldi Ireland is on course to serve its one billionth customer in Ireland in 2025
- An additional approximately 110 stores are required over the next five years from the current main five operators to meet the needs of the growing population and the Government’s ambition to build 250,000 housing units over the next five years.
“Times may change, but our unwavering commitment to value never will, and we’re looking to the next 25 years with as much focus and excitement as ever,” O’Connor added.
Read more: Grow with Aldi 2024 finalists revealed
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