LONDON, November 12, 2014 /PRNewswire/ --
On the back of a visit at their head office by the Prime Minister earlier this week, figures released today (12th November) reveal that the rapidly growing retailer is investing over £109 million across the next 12 months, constructing new build stores and the development of a state-of-the-art distribution centre.
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The data from Barbour ABI highlights that 33 new stores should start construction within the next 12 months, 16 of which already have planning permission. This will take Aldi's investment to over £84 million, alongside a £25 million distribution centre in Cardiff, which begins construction in the second quarter of 2015 and will create an estimated 400 jobs alone. This coincides with a £62 million investment for 31 new stores that have already begun construction so far in 2014.
The news is on the back of Aldi's announcement on Monday that they intend to create 35,000 jobs and have 1000 stores open in the UK by 2022.
On the findings of the data, Michael Dall, lead economist at Barbour ABI, commented: 'Aldi will see the UK as a major overseas target for expansion after steadily increasing their market share over the last few years, enticing customers from the traditional "Big Four" supermarkets with their budget price products. Over the next six to twelve months I expect even more construction projects from Aldi will begin if they are to stay on track with their 1,000 store target by 2022. Aldi's investment is an indication of the continuing change within the supermarket industry in the UK.
Notes to editors:
About Barbour ABI:
Barbour ABI is a leading provider of construction intelligence services. With a team of in-house research specialists and a dedicated lead economist, it provides commercially relevant insight and unique analysis of trends and developments within the building and construction industry.
Barbour ABI is the chosen provider of Construction New Orders data to the Office for National Statistics and the Government's Construction and Infrastructure Pipeline, outlining future construction and infrastructure projects where public funding is agreed. Barbour ABI also provides data for independent organisations, such as the Construction Products Association.
Barbour ABI is part of global events-led marketing services and communications company, UBM, and is headquartered in Cheshire Oaks, Cheshire.
For more information, go to http://www.barbour-abi.com or follow us on Twitter @BarbourABI for all the latest construction data news.
About UBM:
UBM helps businesses do business, bringing the world's buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Its 5,500 staff in more than 30 countries are organised into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
For more information, go to http://www.ubm.com or follow us on Twitter at @UBM_plc for all the latest UBM corporate news.
Press enquiries to:
Jonathan Touhey at Barbour ABI
e: jonathan.touhey@barbour-abi.com
t: +44(0)151-353-3605
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