Aldi commits to five-year, $5 billion store expansion plan

BATAVIA, Ill. — Building on its already aggressive growth strategy and $1.6 billion program to remodel 1,300 stores by 2020, Aldi on Monday announced a $3.4 billion capital investment to expand to 2,500 stores nationwide by the end of 2022.

"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," stated Jason Hart, CEO Aldi. "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."

"We're growing at a time when other retailers are struggling.”

With this growth, Aldi will be the third largest grocery store by count in the U.S. and serve 100 million customers per month, the retailer noted.

In a turbulent retail environment, 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 throughout the next five years.

Aldi has continued to evolve its selection of products to include more fresh foods, gluten-free options throughout the store. Aldi also continues to increase its offering of fresh and sustainable seafood, specialty wines and cheeses, organic items from its SimplyNature line and Little Journey baby products. Aldi was one of the first grocery stores to offer all of its exclusive products free of certified synthetic colors, added trans fat and added MSG.

 

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