Aldi, Lidl post record Christmas sales as shoppers seek value

(Sharecast News) - Discount grocers Aldi and Lidl reported record Christmas sales as shoppers looked for value amid the cost-of-living crisis. Aldi, which has 1,010 stores across the UK, said sales lifted 8% year-on-year in the four weeks to December 24, bringing in more than £1.5bn for the first time.

German compatriot Lidl also beat Christmas records with UK sales growth of 12% in the same period.

The supermarket, which has more than 960 stores in the UK, said it saw around 4.5 million more shoppers come through its doors and cheered its busiest ever trading day on Friday December 22.

Reporting by Frank Prenesti for Sharecast.com

UK supermarkets Tesco and Sainsbury's will reveal their sales performance next week, on January 11 and January 10 respectively, while Marks & Spencer will also post its festive trading update on January 11.