Skip to main content

Aldi to open more retail space this year than supermarket rivals combined

| International retailers

Aldi will open more retail space this year than Tesco, Sainsbury’s and Morrisons combined, according to new research on the supermarket sector that highlights the dramatic rise of the discounters and changing shopper trends. .

Data published by the Telegraph from property research specialist IPD and property agent Colliers, shows that Aldi plans to open just over 1m sq. ft. of new retail space in 2015 with around 60 new outlets. Meanwhile, the major multiples are planning significantly less expansion as they focus on consolidating their positions and improving performance of existing outlets. For example Tesco is planning just 170,000 sq. ft. of new space, whilst Sainsbury’s and Morrisons are planning 450,000 sq. ft. and 220,000 sq. ft. respectively.

Asda has the greatest expansion plans amongst the Big Four, with 550,000 sq. ft. slated for the year. Meanwhile, discount rival Lidl plans to open 340,000 sq. ft.

The report said that a total of 3.9m sq. ft. of space will be opened in the grocery industry during 2015. However, just 29% will be large supermarket-sized stores, with smaller stores between 3,000 sq. ft. and 15,000 sq. ft. making up the bulk of openings (54%). A further 17% will be convenience stores.

James Watson, head of UK investment at Colliers, told the Telegraph that traditional supermarkets have been undermined by shoppers’ desire for smaller basket-based purchases combined with the growth of online grocery shopping. This has eroded the lucrative profits generated by big weekly trolley shops at larger stores

Pin It

Related Articles

SPAR, the world’s largest food retail voluntary chain, has seen annual retail sales break the €40 billion mark for the first time, today reporting global sales revenue of €41.2 billion for the year ending December 31st, 2021. The figures represent...
Since the turn of the century and consistently for nearly a decade before the COVID-19 pandemic ravished global markets, Africa was home to the fastest growing economies. The shoots of positive growth it demonstrated afforded it the title of the “...
Last year’s Black Friday retail sales massively underperformed for many reasons, according to Marino Sigalas, Account Director at The MediaShop. He says that some consumers were not comfortable with the thought of being shoulder to shoulder with o...
Retailer Checkers says that customers using its Sixty60 home delivery service will now be able to benefit from its Xtra Savings rewards programme.
In the UK a government minister is calling for a new law to ban wet wipes that contain plastic. Labour minister Fleur Anderson argues that around 90% of the 11 billion wet wipes used in the UK per year contain some form of plastic that turns into ...