Aldi to open 30 new stores in €320 million Irish expansion drive

Investment follows a record year of trading, with Aldi’s turnover in Ireland growing 14% to €2 billion in the year to 31 December 2020

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23 November 2021 | 0

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Aldi has pledged to invest €320 million over the next three years (2022-2024) in a bid to further grow its share of the Irish grocery market.

The investment drive will see the retailer open 30 new stores across the country, building on the €1.6 billion Aldi has already invested in its 149 Irish stores and distribution network. Aldi is set to increase its investment in Ireland by more than 75% over the next three years compared to 2019-2021.

New Aldi stores will open in Cahersiveen (Kerry), Ballina (Mayo), Clonakilty (Cork), Castlecomer (Kilkenny), Ardee (Louth) along with Athenry and Tuam (both Galway) in 2022.

The group states the new stores will provide additional trading opportunities for the 330 Irish producers Aldi now partners with. Aldi will spend over €1 billion with Irish producers this year, an increase of almost 20% on 2020, including €250 million on Irish food and drink during the busy Christmas trading period.

Record year of trading

The investment announcement follows a record year of trading. Aldi’s turnover in Ireland grew 14% to €2 billion in the year to 31 December 2020 (2019: €1.74 billion). At the end of 2020, Aldi held 11.2%* of the Irish grocery market according to Kantar Worldpanel as almost 85% of Irish households shopped with Aldi seeking the best value in the market. This growth has continued into 2021 with Aldi’s market share standing at 12.7%*.

“This investment builds on the €1.6 billion we have already invested in Ireland and is a clear sign of our ambition, and the demand that exists for Aldi to be in more locations across Ireland,” said Niall O’Connor, group managing director at Aldi Ireland.

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

The group also emphasised sustainability as a lead priority. Over the past two years Aldi says it has made huge progress is meeting its targets of halving the volume of plastic packaging it uses by 2025 and ensuring 100% of its own-brand product packaging will be recyclable, reusable, or compostable by the end of next year. 95% of its own-brand products now feature eco-friendly packaging, while 2,150 tonnes of virgin plastic have been removed from its stores and a further 930 tonnes of non-recyclable packaging materials replaced with recyclable alternatives. 

*(Source: Kantar data 12 weeks 27 December 2020 and 31 October 2021 respectively)

 

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