While trumpeting another successful year, Aldi’s annual results showed steep downturns in both operating and pre-tax profits, as it slashed prices amid ferocious competition. Retail Week looks at how low Aldi can afford to go on margins, and what that means for the wider grocery industry.
Asda has reported a rise in annual profits as improvement initiatives at the Walmart-owned grocer bore fruit.
Aldi has suffered a fall in full-year profits after ramping up its investment into its store portfolio and slashing prices.
As Aldi launches in China, Carrefour is scaling back. The French retail giant is the latest in a long line of big international retailers to dial down their presence in the Chinese market.
The best of global retail was celebrated last night at the World Retail Awards, held at the World Retail Congress in Amsterdam.