Current:Home > InvestLooking for a deal? Aldi to add 800 more stores in US by 2028 -Nova Finance Academy
Looking for a deal? Aldi to add 800 more stores in US by 2028
View
Date:2025-04-16 14:01:46
Discount grocer Aldi said it will add another 800 stores to its U.S. footprint by the end of 2028.
The German grocer said in a press release Thursday that it would be investing $9 billion nationwide in the next four years. That will include expanding in the Northeast, Midwest and Southeast and a growing presence in Southern California and Phoenix.
Aldi will also be entering new cities like Las Vegas, the grocer said.
"Our growth is fueled by our customers, and they are asking for more ALDI stores in their neighborhoods nationwide," said Jason Hart, CEO of Aldi in the statement. "With up to 40% savings on groceries, new customers are inspired to try us out, and existing customers keep coming back. While price is important, we earn their loyalty by stocking our shelves with only the best products and offering a quicker, easier and more enjoyable shopping experience."
How will Aldi grow?
The new 800 stores nationwide will be a combination of new openings and store conversions, the grocer said. Aldi also said that it had completed an acquisition announced in August of roughly 400 Winn-Dixie and Harveys Supermarket stores throughout the Southeast.
In addition to "organic growth through new store openings, a significant number of Winn-Dixie and Harvey Supermarkets will convert to the ALDI format in the next few years," the grocer said. Starting in mid-summer, ALDI will begin a phased-in-approach to converting some stores. The grocer anticipates about 50 stores will begin the conversion process in the latter half of this year and the majority will reopen as ALDI in 2025.
Aldi can be a saver's paradise:Here's how to make the most of deals in every aisle
Aldi said part of the growth will be adding nearly 330 stores in the Northeast and Midwest, to strengthen an already strong presence in those regions, in the next five years.
"For more than a decade, ALDI has added hundreds of stores per year across the country," Hart said.
Aldi said it will have nearly 3,200 stores nationwide after the new locations open.
Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach her at [email protected] or follow her on X, Facebook or Instagram @blinfisher. Sign up for our free The Daily Money newsletter, which will include consumer news on Fridays,here.
veryGood! (5)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Mindy Kaling and the rise of the 'secret baby' trend
- Now-banned NBA player Jontay Porter will be charged in betting case, court papers indicate
- Stock market today: Japan’s Nikkei 225 hits new record close, leading Asian shares higher
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- 7 new and upcoming video games for summer 2024, including Luigi's Mansion 2 HD
- Copa América quarterfinal power rankings: How far is Brazil behind Argentina and Uruguay?
- Federal judge sentences 4 anti-abortion activists for a 2021 Tennessee clinic blockade
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Copa America 2024: Knockout stage bracket is set
Ranking
- Average rate on 30
- 7 new and upcoming video games for summer 2024, including Luigi's Mansion 2 HD
- Microsoft will pay $14M to settle allegations it discriminated against employees who took leave
- Biden vows to stay in presidential race as he seeks to reassure allies after debate
- Buckingham Palace staff under investigation for 'bar brawl'
- Pennsylvania Senate passes bill encouraging school districts to ban students’ phone use during day
- Is Hurricane Beryl going to hit Texas? The chances are increasing
- Bob Menendez's defense rests without New Jersey senator testifying in bribery trial
Recommendation
Louvre will undergo expansion and restoration project, Macron says
'Space Cadet' star Emma Roberts on her fear of flying and her next 'thriller' movie
Pennsylvania Senate passes bill encouraging school districts to ban students’ phone use during day
Money issues may sink proposed New Jersey branch of acclaimed Paris museum. Mayor blames politics
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
2-year-old found dead inside hot car in Georgia, but police say the child wasn't left there
Kraken's Jessica Campbell makes history as first female full-time NHL assistant coach
Democrats in Congress are torn between backing Biden for president and sounding the alarm