June 13, 2017 Comments Off on Aldi Ramps Up US Expansion, Investing $3.4B, Adding 2,500 Stores Views: 566 Illinois, Midwest, National News

Aldi Ramps Up US Expansion, Investing $3.4B, Adding 2,500 Stores

Batavia, IL-based Aldi plans to invest $3.4-billion to add 2,500 grocery stores nationwide by the end of 2022. That’s on top of the 1,300-store renovation program already underway.

Aldi’s Jason Hart says, “We’re growing at a time when other retailers are struggling. We are giving our customers what they want, which is more organic produce, antibiotic-free meats and fresh healthier options across the store, all at unmatched prices up to 50% lower than traditional grocery stores.”

The growth will push the retailer into the No. 3 spot among grocers in the U.S., with the capacity to serve 100 million customers monthly. The company plans to add 25,000 new jobs in stores, warehouses and offices. Aldi is bucking the trend plaguing many retailers by accelerating its growth of new stores, with a total capital investment of $5 billion in new and remodeled stores over the next five years.

Read more at Aldi


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