Retailer says price shielding strategy is ‘the right one’ in the medium term despite impact on profitability
Niall O'Connor, Aldi Ireland's group managing director: 'Food inflation continues to be stubbornly high here at home and abroad.' Photograph: Alan Betson
Aldi has 160 stores here, with 2022 seeing the opening of six new stores, located in Caherciveen, Clonakilty, Ballina, Tuam, Mountbellew and Ardee. Store refurbishments were also completed in Dungloe, Blessington, Greystones, Killorglin and Elysian Cork. Further expansion is planned. “Households, gripped by higher living costs, now buy more own-label and smaller pack sizes, shop more often but buy less, and with an even greater emphasis on value,” said Niall O’Connor, Aldi Ireland’s group managing director.
“While the overall inflationary peak of last year is receding, food inflation continues to be stubbornly high here at home and abroad. Factors such as supply-chain complications and delays due to the war in Ukraine are indeed relevant.
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