Farmers Guradian
Topics
Nine ways to keep your farm vehicles safe

Nine ways to keep your farm vehicles safe

Arable Farming Magazine

Arable Farming Magazine

Dairy Farmer Magazine

Dairy Farmer Magazine

CropTec

LAMMA 2018

New to Farmers Guardian?
Register Now
Login or Register
New to Farmers Guardian?
Register Now
New to Farmers Guardian?
Register Now

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days
Already a Member?

Login | Join us now

'We have been improving quality' - Discount supermarkets continue rapid growth

Aldi sales were up 13.5 per cent in 2016, although operating profits dropped.



Twitter Facebook
Twitter Facebook
Share This

Discounters continue rapid growth

Discount supermarket Aldi has continued its rapid growth, with record sales of £8.74 billion for 2016, up 13.5 per cent on the year.

 

Buying British

 

About 77 per cent of those sales were products sourced from more than 1,000 British suppliers, including the fresh meat, eggs, dairy and bakery ranges.

 

But operating profits dropped by 17 per cent which it put down to investment in ‘prices and infrastructure’ as it re-emphasised its commitment to the lowest prices in the UK. It has also targeted opening 1,000 stores in the UK by 2020.

 

Chief executive Matthew Barnes said the chain was ‘doing everything’ to protect consumers from price increases.

 

“At the same time, we have been improving the quality of our range and introducing the new products our customers have asked for,” he said.

 

“The result is a carefully selected range of exclusive own-label brands and award-winning products.”

 

He added the retailer’s future plans remained entirely unaffected by the decision to leave the EU.

 

Growth

 

Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “Collectively Aldi and Lidl now account for nearly £1 in every £8 spent in Britain’s supermarkets – a decade ago this was only £1 in £25.

 

“In the past three months almost 63 per cent of shoppers visited one of the two retailers, up from a level of 58.5 per cent last year.”

 

But 98 per cent of shoppers still shopped in at least one of the big four retailers over the three months.


Read More

Aldi becomes fifth largest supermarket Aldi becomes fifth largest supermarket
Aldi forms first direct relationship with supplier Aldi forms first direct relationship with supplier
Aldi tops GCA survey but payment delays still an issue for some Aldi tops GCA survey but payment delays still an issue for some

Lidl has also continued its strong growth.

 

The retailer reached its highest proportion of market share at 5.3 per cent in the 12 weeks to September 10 and supermarket sales grew by 3.6 per cent across the sector.

Twitter Facebook
Post a Comment
To see comments and join in the conversation please log in.
Facebook
Twitter
RSS
Facebook
Twitter
RSS