What's happened
Aldi and Dunelm reveal significant expansion plans in the UK.
Why it matters
The expansion plans by Aldi and Dunelm indicate significant investment and job creation in the UK retail sector, with potential implications for consumer choice and competition.
What the papers say
The Independent reports that Aldi plans to spend
£550 million on opening new stores and upgrading existing ones in the UK, creating over 1,500 jobs, while The Times focuses on Dunelm's plans to open its first stores in the inner boroughs of London after reporting the highest sales growth rate in the Capital last year.
How we got here
Aldi and Dunelm are both major players in the UK retail sector, with Aldi having overtaken Morrisons as the fourth largest supermarket in 2022 and Dunelm recording significant sales growth in London.
More on these topics
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northwestern coast of the European mainland.
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Aldi is the common brand of two German family-owned discount supermarket chains with over 10,000 stores in 20 countries, and an estimated combined turnover of more than €50 billion.