🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Aldi says UK shopper numbers up 11 pct, cuts prices

Published 04/17/2009, 12:04 PM
Updated 04/17/2009, 12:16 PM
TSCO
-

LONDON, April 17 (Reuters) - German discount grocer Aldi saw an 11 percent rise in shopper numbers in the UK and Ireland in the first quarter of this year and is cutting prices on many staple products to 99 pence, it said on Friday.

The privately-owned group, which runs 467 shops in the UK and Ireland, also said its customers were increasingly moving from a top-up to a full shop, with the size of a typical Aldi basket increasing by about a third over the past six months.

It did not say how many prices it was cutting, but said reductions were made from Thursday on items including fruit juices, cheeses, pasta salads and steak cut chips, as well as personal care and household cleaning products.

"Avoiding short-term promotions offering consumers freebies and multiple-products they don't need, enables our customers to save more at the check out," said Paul Foley, group managing director of Aldi UK and Ireland, adding its research showed shoppers could save 23 pounds on a weekly shop of 100 pounds if they shopped at Aldi rather than Britain's top four grocers.

Aldi's UK market share is just 2.9 percent, but it has grown rapidly in the economic downturn, prompting Britain's biggest retailer, Tesco, to launch a range of discount brands last September.

All of Britain's big supermarket groups have announced price cuts in recent months, with many cutting prices on staple products to 1 pound. ($1=.6738 Pence) (Reporting by Mark Potter; Editing by Jon Loades-Carter)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.