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.
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.