Aldi is planning a fresh assault on the Australian market after seeing its profits in the country jump by more than a quarter in 2009.
The discount retail giant confirmed to just-food today (9 September) that it plans to spend A$1bn (US$925.8m) to further expand in Australia.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The retailer is already expanding its distribution and warehousing in New South Wales and Victoria and plans to spend the A$1bn between now and 2013 to further boost the network and open more stores.
Aldi booked net profit of A$91.9m for 2009, up from $72.6m in 2008. The company did not disclose its sales.