Aldi Plans $3.4B Growth Spurt

The German discount grocery chain intends to open 900 additional locations in the U.S., increasing its footprint to 2,500 stores by 2022.

Aldi has just taken its bold U.S. expansion strategy to a new level. The German discount grocery store chain revealed that it will invest $3.4 billion to increase its presence to 2,500 stores by the close of 2022. The news comes just four months after the company announced its $1.6 billion plan to remodel 1,300 shops by 2020.

Aldi entered the U.S. market in 1976 with a store in Iowa, and until a few years ago, the company had been increasing its footprint at a slow but steady pace. “We pioneered a grocery model built around value, convenience, quality and selection and now ALDI is one of America’s favorite and fastest growing retailers,” Jason Hart, CEO of Aldi, said in a prepared statement. “We’re growing at a time when other retailers are struggling.” Per a study released by Market Force Information in May, Aldi ranks as America’s fifth favorite grocery retailer, just below H-E-B and right above Harris Teeter…

Aldi Plans $3.4B Growth Spurt


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