"If you asked customers across the length and breadth of the country, I think they would say that inflationary pressures are persistent and they're urgent. I very much see that we can be part of the solution to that challenge, which is staying laser-focused on delivering the lowest prices in the market - hence why we've invested £300 million this year so far on reducing prices, seeking to offset inflationary pressures."
"Hurley said higher retail costs will "find their way" into people's pockets and inflationary pressure are already affecting shoppers. He said the retail sector "has been really clear that we would strongly advise that any policies and measures that are adopted don't add costs to business operations because of the risk that they can find their way through to the food sector.""
Aldi warns that adding costs to retailers risks passing higher prices on to shoppers and could weaken consumer confidence. The 2024 Autumn Budget raised employers' national insurance and introduced new packaging taxes, contributing to worsening food inflation and shifting shopping habits toward discount supermarkets. Customers increasingly treat themselves at home rather than going out. The retailer aims to deliver the lowest prices in the market. Aldi invested £300 million this year to reduce prices and offset inflationary pressure. Total sales in the UK and Ireland rose to £18.1 billion in 2024, up from £17.9 billion the previous year.
Read at London Business News | Londonlovesbusiness.com
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