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ALDI ANNOUNCES €36.6M INVESTMENT IN LIMERICK

Retailer reveals details of ambitious plan to open three new Limerick stores by 2025
Announcement comes as report shows ALDI stores deliver savings of €78,333 per month to communities

As part of the company’s overall growth and development strategy in Ireland, ALDI has announced details of an ambitious Limerick investment plan, which would see the retailer open three new stores by 2025, located in Roches Street, Moyross and Dooradoyle.

Construction commenced today at the first of these stores at Roches Street, which will represent ALDI’s first city centre store in Limerick, and the store is expected to open in 2025. Planning applications have been submitted for Moyross and Dooradoyle. In total, this investment would be worth €36.6m, create 90 jobs and support a further 200 during construction, and demonstrate ALDI’s commitment to delivering top quality produce at unbeatable prices to the people of Limerick.

Investing in Ireland

This announcement builds upon ALDI’s ongoing commitment to expanding its footprint of 160 Irish stores and delivering unbeatable value to communities across Ireland. In September, ALDI announced details of its €33.6 million investment in four new Midlands stores. Similarly, in 2022, ALDI announced details of ambitious West of Ireland and Dublin expansion plans, which saw the discount retailer commit to building 16 new stores across Dublin and Connacht as part of a €135 million investment, creating 490 permanent jobs with 900 more jobs supported during construction.

Savings for Limerick

According to a recently published report, commissioned by ALDI and compiled by Dublin City University’s (DCU’s) Professor Emeritus of Economics, Anthony Foley, ALDI stores deliver average monthly savings of €78,333 to the communities they operate in. Based on these findings, that would mean this investment plan could deliver potential annual savings of an estimated €2.8 million for the people of Limerick.

Planning Delays

The report also carried out an analysis of ALDI’s planning applications and found that of the 16 appeals of ALDI planning applications made to An Bord Pleanála (ABP) over the five-year period 2018-2022, 13 experienced decision delays, in some cases being delayed by upwards of 50 weeks after the statutory 18-week decision period. Both the Moyross and Dooradoyle planning applications are currently before ABP for review and have already been delayed beyond the statutory 18-week period by 18 and 24 weeks respectively. These delays are ultimately costing Limerick shoppers €156,666 in potential savings forgone every single month.

Announcing the investment, Colin Breslin, Managing Director, Buying and Services, ALDI Ireland said:

“I’m delighted to announce details of our plans to expand our footprint in Limerick, as we look to continue delivering our unbeatable value to communities in Moyross, Dooradoyle and the city centre.

“Our goal is to deliver this value within reach of every town, village and rural community in Ireland, and we have ambitious plans to expand our store network. Over the next two years, we plan to open three new stores across Limerick, as part of a €36.6 million investment, alongside our previously announced Midlands, Dublin and West of Ireland expansion plans. This expansion would see us double out footprint in County Limerick.