Aldi to create 4,000 new UK jobs

(qlmbusinessnews.com via uk.finance.yahoo.com — via The Independent -– Tue, 11 July 2017) – –

German discounter Aldi has announced that it is creating 4,000 new jobs in the UK, a move that will deal a sharp blow to some of the UK’s biggest retailers who have suffered from fierce competition for market share.

The company said that it was ramping up its staffing to match rising sales. Aldi currently has over 700 stores in Britain and said it remains on course to have 1,000 stores by 2022.

The new jobs will include store assistants and deputy store managers. Aldi attracted nearly a million new customers last year.

“The success of Aldi in the UK is due to the hard work and commitment of our employees, and they are crucial to our future expansion plans,” said Matthew Barnes, the group’s UK and Ireland chief executive said.

Together with its German peer Lidl, Aldi has enjoyed impressive success in the UK in recent years, appealing particularly to cash-conscious spenders and those who have recently started to feel the effects of a significant pick-up in inflation.

It’s also eyeing up opportunities on the other side of the Atlantic.

In January, it said it plans to spend $3.4bn (£2.7bn) over the next five years to open 900 supermarkets in the US, potentially heaping pressure on retailers like Wal-Mart and Kroger to lower their prices.

Aldi was founded more than a century ago when Anna Albrecht opened a small store in Essen, Germany. Her sons, Karl and Theo, took over in 1948 and quickly expanded. In 1962, the name became Aldi, shortened from Albrecht Discount.

According to the most recently available data from Kantar Worldpanel, Aldi had a UK market share of 6.9 per cent in the 12 weeks to 18 June. That still puts it far behind Tesco, at almost 28 per cent, Sainsbury at 16 per cent, Asda at 15.1per cent and Morrisons at 10.6 per cent, but its rate of growth has been striking. In the period, spend at Aldi grew by 18.7 per cent, compared to Tesco where spend grew by just 3.5 per cent. Lidl had a share of 5 per cent.

by Josie Cox