The discount supermarket, which earlier this month broke into the “big four” leading UK chains, saw profits slump significantly last year after the firm witnessed rising costs and invested in pricing. As well as market share rising 1.2%, the percentage of households shopping at Aldi also rose to 65%,. Aldi said its buying teams were “working to counter the impact of inflation” and maintain its discount against traditional full price supermarkets. Giles Hurley, chief executive of Aldi UK and Ireland. Picture: AldiGiles Hurley, chief executive of Aldi UK and Ireland, said: “The cost of living crisis is worsening, and it’s being felt by millions of households across the UK.

Source: The Herald September 27, 2022 06:35 UTC