Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Aldi UK says December sales up 26%

by Staff GBAF Publications Ltd
0 comment

LONDON (Reuters) -The British arm of German discount supermarket group Aldi said its sales in December rose 26% compared to the previous year, reflecting the opening of new stores and consumers’ search for savings in a cost-of-living crisis.

Aldi UK and Ireland said on Tuesday its sales topped 1.4 billion pounds ($1.67 billion) in December for the first time.

The group, privately owned by Aldi Sud, recently overtook Morrisons to become Britain’s fourth largest supermarket chain and has a market share of 9.3%.

It highlighted strong growth in sales of fresh meat, with fresh poultry and pork options both up over 28%.

It said sales of chilled desserts and fresh cheeses jumped by almost 30% and 50% respectively, while sales of snacks such as crisps and nuts were up over 40% as the mens soccer World Cup coincided with the run up to Christmas for the first time.

Monthly industry data has consistently shown Aldi and fellow German rival Lidl as the fastest growing UK grocers during the cost-of-living crisis as consumers have sought savings.

Also unlike their traditional rivals, Aldi and Lidl are still opening lots of new stores.

However, investment to keep a lid on prices has dented profit at both Aldi and Lidl.

($1 = 0.8364 pounds)

(Reporting by James Davey, Editing by Paul Sandle and Sarah Young)