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Aldi to Continue Expansion

03/14/2024

In a recent announcement, Aldi will expand by 800 stores nationwide by the end of 2028.  This projection includes the acquisition of Winn-Dixie and Harvey’s supermarkets some of which will be converted to the Aldi banner.

 

Jason Hart, CEO of Aldi stated, “With this commitment to add 800 stores in the next five years means we’ll be where our shoppers need us while positively impacting the communities we serve.”  He added, “Our growth is fueled by our customers, and they are asking for more Aldi stores in their neighborhoods nationwide.”

 

 Approximately 300 stores will be added in the Northeast and Midwest and the Company will also expand in Southern California, Arizonia and Nevada.

 

The program will involve an investment of $9 billion representing an expression of confidence in the U.S. grocery market despite competition from larger retailers including Walmart, Kroger and Amazon.  Aldi has established a significant niche market through low-cost private label brands of superior and consistent quality engendering customer loyalty, despite the limited range and occasional non-availability.