For the first time ever, German discount retailer Aldi raked in sales of more than £10bn in the UK and Ireland last year – a worrying sign for established grocers who are battling to retain precious market share in a highly competitive environment.
UK sales were more than 15% higher last month than during December 2016.
Aldi currently has a 6.9% share of the UK grocery market, according to analytics company Kantar Worldpanel, which lags behind Morrisons, Asda, Sainsbury’s and Tesco – but is comfortably ahead of Co-op, Waitrose and its German compatriot Lidl.
The supermarket’s boss for the UK and Ireland, Matthew Barnes, struck an upbeat outlook for the year to come, especially in terms of expansion. “We see significant capacity for further growth as there are still more than 400 towns and cities across the UK without an Aldi store,” he said.
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