Aldi has revealed a list of 23 towns and cities where it wants to open new stores.

The budget supermarket is targeting these locations as part of a massive £1.6billion expansion plan over the next two years. In its annual trading update earlier this week, Aldi said it planned to open 80 stores across 2026 and 2027.

As well as new stores, the investment will go towards upgrading existing ones. Aldi will also look to improve its distribution network.

The retailer, which currently has 1,060 stores, has previously announced plans to increase this number to 1,500 stores across the UK. It said its expansion would create thousands of jobs and more opportunities for British suppliers.

Some of the locations that Aldi is targeting for new stores in the next couple of years include:

Giles Hurley, Chief Executive Officer for Aldi UK and Ireland, said: "Shoppers are still finding things difficult and that's why we're staying laser-focused on doing what Aldi does best - offering customers great quality products at unbeatable prices.

"Nobody else is making the same commitment to everyday low prices - no clubs, no gimmicks, no tricks - just prices our customers can trust, and quality they can depend on.

"Since we opened our first UK store more than 35 years ago, we've brought high-quality, affordable groceries to almost 800 towns and cities, but there are hundreds more communities that don't have an Aldi nearby.

"We're more determined than ever to meet that demand, and that's why we're investing a record £1.6bn over the next two years, to bring Aldi prices closer to millions more customers."

The supermarket has just published its latest financial results for the 12 months to December 2024, which it revealed sales increased to £18.1billion.

The company said operating profit fell to £435.5million partly due to lower prices for customers, investment in infrastructure and higher pay for colleagues.

Aldi also last week revealed it has reduced over 900 prices across its range of products in recent months. The grocer says it has invested more than £300million in price cuts since the start of 2025.

Aldi also increased store assistant pay twice this year, with workers taking home a minimum of £13.02 an hour nationally, and £14.35 within the M25, from the start of this month.

Aldi reveals full list of 23 locations where it wants to open new stores - The Mirror