Aldi reaffirmed its commitment to investing in Britain on Monday, despite a 26% fall in 2018 profit at the German discount supermarket group’s UK business as it paid the price of expansion. Britain’s fifth biggest supermarket group trades from about 840 stores and has built a grocery market share of 8.1%, but its pledge to having the lowest prices is denting profit. Aldi trails Tesco, Sainsbury’s, Asda and Morrisons, but along with fellow German-owned discounter Lidl has been winning market share from the big four, aggressively opening new stores.

source https://finance.yahoo.com/news/1-aldi-uk-open-more-064122675.html?.tsrc=rss