Aldi plans to open 900 new stores in next 5 years

|
Advertisement

If you’ve been following money expert Clark Howard for a while, you know that he loves shopping at Aldi!

Known for its super low prices, the German grocery store is expanding its footprint in the United States and plans to become the nation’s third largest grocery store by count, behind Walmart and Kroger.

Aldi has just announced a $3.4 billion capital investment to expand to 2,500 stores nationwide by the end of 2022.

Read more: 15 things every bargain shopper needs to know about Aldi

Discount grocer Aldi plans massive store expansion

“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,” said CEO Jason Hart. “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 percent lower than traditional grocery stores.”

Aldi already operates more than 1,600 stores in 35 states, serving 40 million customers every month.

As Aldi opens up around 900 new stores, it’s bringing new jobs to communities across the country. The company plans to add 25,000 additional jobs in stores, warehouses and offices.

Existing stores are getting a whole new look!

Meanwhile, Aldi is spending $1.6 billion to remodel 1,300 existing locations by 2020. Updated stores will have a modern design with open ceilings and natural lighting.

Aldi provided Clark.com with these pictures of the changes:

Advertisement

  

Aldi has announced the store expansion effort the same week that Lidl, another German discount grocery store, opens its first stores in the U.S. in North Carolina, South Carolina and Virginia. See the list here.

Read more: 8 things to know about new discount grocer Lidl

5 ways my Instant Pot pressure cooker makes life so much easier

Advertisement
Sling Streaming Service Review 4 Things To Know Before You Sign Up for Sling TV - Ready to finally cut the cord? Team Clark put Sling TV's $35/month live TV streaming service to the test!
Welcome bonuses can be a great way to boost the value of a credit card. Best Credit Card Welcome Bonuses for 2022 - If you're in the market for a new credit card in 2022, you may be hoping to cash in on the hundreds of dollars in signup bonuses offered to new customers. Welcome bonuses and offers are a marketing tool that…
The best cell phone plans include Tello, Mint Mobile, Visible, T-Mobile, Consumer Cellular and more Best Cell Phone Plans and Deals in 2022 - Team Clark ranks the best cell phone plans and deals! See our favorites for unlimited data, families and cheap plans starting at $10/month.
  • Show Comments Hide Comments