Aldi steps up expansion despite profits squeeze

Aldi steps up expansion despite profits squeeze
 

Discount retailer Aldi is moving into online sales and accelerating its store opening programme despite supermarket price wars taking their toll on profits.
It came as the group, which employs 2,200 staff in Scotland, revealed that revenues in 2014 surged 31 per cent to £6.89 billion, though operating profits fell 4 per cent to £260.3 million.
Analysts said the firm’s move into online sales would be an added headache for more established rivals.
Aldi also said it was to increase its rate of new store openings, with 65 sites due to open in the current year, up from 54 in 2014.
The company... read more

 
29 September 2015 in Business, Views: 35
Source: Scotsman
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