ALDI will overhaul all of its Australian stores over the next four years as it revamps its fresh food offering to compete with Coles and Woolworths.
The German discount chain has revealed record sales of $5.8 billion in calendar 2014, an increase of nearly $1 billion on the previous year, with pre-tax earnings of $238.5 million.
Aldi says it is reinvesting all profits in its Australian operations, with the focus on store refurbishments and extensions, new store openings and centralising produce buying.
The supermarket says the decision to centralise its produce purchasing, which is currently done state by state, will mean “better quality produce for our customers”.
The updated store format, which was trialled during 2016, will roll out to all existing and new stores by 2020. The new format features clearer signage, redesigned shelving, expanded wooden produce bays, LED lighting and extended chillers.
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