Aldi Growth

Every estate agent in the land is said to be courting German discount retail chain Aldi. It is planning to open 50 stores a year boosting its rapid growth in Britain. It currently has 450 outlets in Britain and is aiming to spend about £200 million on opening new stores in Britain this year. The company is said to be interested in acquiring new sites and the redundant premises of retailers who have gone under in the recession. Commercial property has been hit hard and there have been some notable High Street casualties. While several other retial chains have been having a hard time Aldi and competitor Lidl have made good progress with their cut-price range as shoppers have become more and more canny as the recession has begun to grip.