Supermarket chain Aldi Ireland has unveiled plans to invest €400m ($508m) in the opening of 30 new stores up to 2028, BusinessPlus has reported.
The new stores will be located across 13 counties including Dublin, Wicklow, Cork, Longford and Sligo.
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The investment will generate 1,000 jobs across store network operations and office facilities.
Aldi has committed to continuing its price cuts programme to aid customers during the recovery from an inflationary period.
The company has invested €20m in 400 price cuts in 2024 with plans for further reductions, as reported by ShelfLife.
The new investment comes as Aldi’s economic contribution in Ireland in 2023 amounted to €757m.
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By GlobalDataSince it entered the Irish market in 1999, Aldi has spent €10.2bn with local suppliers, €1.1bn of this between June 2023 and June 2024.
The retailer supports more than 12,500 jobs in the country, directly and indirectly.
Irish suppliers now represent almost half of Aldi’s total sales, with a notable 58% increase in purchases from Irish suppliers since 2019.
BusinessPlus quoted Aldi Ireland Group managing director Niall O’Connor as saying: “As we mark our 25-year milestone and look back on our achievements, we’re just as ambitious for the future. Based upon projected customer growth, we expect to serve our one billionth customer in 2025.
“We’re committed to playing a leading role in meeting the growing demand for new retail offerings, and by 2029 we will spend another €400m in capital expenditure on 30 new stores, adding 1,000 new colleagues.
“Times may change, but our unwavering commitment to value never will, and we’re looking to the next 25 years with as much focus and excitement as ever.”
In February 2024, Aldi announced an investment exceeding £550m to bolster its store and distribution network across the UK through the year.
