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Aldi to Open 70 Stores During the Remainder of 2020

07/29/2020

Aldi will expand by at least 70 new stores by the end of 2020.  New areas for the company will include Phoenix in addition to stores in New York, Texas, Kansas, and California.  A new regional headquarters and distribution center will be established in Loxley, AL. in 2021.

 

Aldi is pursuing a five-year plan to become the third-largest grocer in the U.S. after Walmart and Kroger with 2,500 stores by 2022.  The company currently has 2,000 stores in operation in 36 states.  Value chains, including Aldi, are recording between 15 and 20 percent year-over-year increases in sales compared to 10 percent at grocers and club stores.

 

Fox News noted that Lidl is withdrawing from the Texas market placing undeveloped properties up for sale in the Dallas-Fort Worth, San Antonio, and other areas.  Properties were acquired in 2017 in anticipation of an intensive entry into the State. It is understood that Lidl will concentrate on the Northeast over the intermediate term.