Aldi pledges to 'double down' on low prices as profits fall
Value grocer Aldi has vowed to deliver the lowest prices to shoppers after posting a slide in annual profits.
Aldi revealed that pre-tax profits slipped 86.5% to £35.7m in 2021, partly as a result of investment in prices as the cost of living crisis hit shoppers’ budgets. Sales inched up 0.9% to £13.65bn over the year.
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