Saturday, November 23, 2024

ALDI announces its economic impact in Ireland for 2023 – Business Plus

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ALDI spent €1.1bn with Irish suppliers in 2023, while contributing €757m to the Irish economy.

This comes from a report published today that marks the impact ALDI has had on the Irish economy since it opened its doors in 1999, with it celebrating 25 years in Ireland.

The retailer says it works with more than 330 Irish suppliers, and over the last 25 years has spent €10.2bn with the Irish supplier network. 

These figures are outlined in the ‘ALDI in Ireland, 1999-2024′ report which includes economic analysis from Dublin City University Associate Professor Emeritus of Economics Anthony Foley and includes key facts and figures that demonstrate the scale of ALDI’s operations in Ireland and how the business has grown since 1999. 

The retailer reported a 58% increase in purchases from Irish suppliers since 2019, and Irish suppliers now account for almost half of all sales at ALDI.  

The supermarket giant says they have paid more than €1.3bn in wages over the past 25 years and its capital investment in Ireland since 1999 is €2bn.

Directly, and indirectly, the German chain supports more than 12,500 jobs in Ireland and is responsible for a regional spread of employment far above the national average.

Today, the retailer employs more than 4,650 dedicated colleagues across Ireland and over the past 25 years, has employed thousands more. 

Over 50% of the staff that were first employed in 1999 still work with the retailer today. 

Additionally, despite easing inflation, ALDI says it will continue to implement its price cuts programme this year to support customers and has invested €20m so far in 2024 in over 400 price cuts, with further investment planned.   

Over the next five years, ALDI says that it is investing a further €400m in 30 new stores and adding 1,000 new local jobs.   

The stores will be located across the country in 13 counties, including Dublin, Cork, Sligo, Wicklow, Kildare, Galway, Monaghan, Longford, Limerick, Kilkenny, Meath, Mayo and Donegal.

ALDI is celebrating 25 years in the Irish market. (Photo by Nathan Stirk/Getty Images)

“This Economic Impact Report shows the scale of the impact that ALDI has had in terms of delivering increased economic activity across the country, whether that’s by supporting indigenous Irish producers, providing new shopping alternatives for customers, or creating well-paid jobs for thousands of people,” said Minister of State with responsibility for Business, Employment and Retail, Emer Higgins TD.

“The Economic Impact Report published today highlights the continuing positive impact our presence is having, not only in Ireland as a whole, but across each community that we operate in,” said Niall O’Connor, Group Managing Director, ALDI Ireland.

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