Aldi Grows UK Supermarket Jobs And Profits

Aldi has looked to build on its growth in the UK by confirming it is planning to create 6,000 jobs this year.

The discounter said it was opening 50 new stores as it announced that UK pre-tax profits rose 124% in 2012 to £157.9m.

The company said its customer base had grown by one million over the year on the back of 34 store openings during the period.

Its expansion plans contrast with some of its so-called "Big Four" rivals, with market leader Tesco and number four player Morrisons calling time on the supermarket space race in favour of building their online offerings.

Aldi, which started out in Germany, said "polarisation" in the grocery market was driving its growth alongside upmarket Waitrose.

Cash-strapped households are flocking to the chain as budgets shrink amid the squeeze on consumer spending as stubbornly high inflation outpaces wage rises.

Joint managing director Matthew Barnes said Aldi was attracting a "broader demographic."

He said: "We have opened in affluent locations like Knutsford and Winchester and have quickly won over local customers with our award-winning quality and value.

"If we can open more stores, we will make Aldi a more convenient place for people to do their weekly shop."

Its market share now stands at 3.7%, up by almost a third from a year earlier.

Fruit and vegetable sales soared by almost 50% in 2012, Aldi said, while meat sales have risen 60% year on year for the past three years.

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