Discount supermarket chain Aldi plans to open around 70 stores and refurbish more than 100 stores in the UK next year using a £300m investment.
This move comes after posting a 12% increase in sales to £7.7bn last year.
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Its operating profits declined 1.8% to £255.6m, which the retailer claimed was due to its continued investment in prices.
The supermarket chain intends to boost its fresh produce and baby ranges, as well as launch a food-to-go feature in outlets under the latest investment plan.
The discount retailer currently has around 780 outlets in the UK, and plans to have 1,000 stores by 2022.
In the last fiscal year, Aldi invested £536.2m into opening new stores and improving its distribution network.
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By GlobalDataThis attracted around 760,000 new customers, increasing its share in the market by approximately 15%.
In the last five years, the retailer has invested around £1.7bn in the UK to open new stores and boost distribution network.
