Aldi maintains pressure on grocery rivals
DISCOUNT retailer Aldi Australia has vowed to maintain pricing pressure on rivals in the $85 billion grocery market, after increasing sales by 13 per cent in 2014.
Aldi outpaced food and liquor sales growth at Coles and Woolworths almost three-fold, Brisbane Times reports.
The chain is set to open its first store in Gladstone later this year, having secured a site at 54 Boles St, West Gladstone.
Aldi Australia's sales reached $6 billion in the 12 months ending December 2014, compared with $5.3 billion in 2013.
The growth was underpinned by 25 new stores.
In comparison, Woolworths' Australian food and liquor sales grew 4.7 per cent to $41.7 billion in fiscal 2014 and Coles' food and liquor sales rose 4.6 per cent to $29.2 billion.
"We're very pleased with the progress. We had a successful 2014," Aldi group managing director Tom Daunt said.
New stores took store numbers to 366, lifting Aldi's market share in eastern states to 11 per cent.
Aldi plans to open 20 stores a year on the east coast.
Read more here.