Aldi reports record sales

Aldi has reported record sales of £7.7 billion in 2015 but profits have fallen by 1.8 per cent to £255.6m.

It also announced the number of products it sourced from British suppliers has increased to 77 per cent from 69 per cent in 2014.

The company emphasised future investment has not been impacted by the Brexit vote. It will invest £300m in store revamps and has announced plans to open 70 new stores in 2017.

The retailer’s share of the market is now 6.2 per cent, up from 4.8 per cent in September 2014. In the same time, Tesco, Sainsbury’s, Asda and Morrisons market shares have all declined.