Current:Home > InvestLooking for a deal? Aldi to add 800 more stores in US by 2028 -InvestTomorrow
Looking for a deal? Aldi to add 800 more stores in US by 2028
View
Date:2025-04-12 03:11:20
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! (92458)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball
- Inflation further cools in Australia as confidence of ‘soft landing’ grows
- Wisconsin elections officials expected to move quickly on absentee ballot rules
- Tom Holland's New Venture Revealed
- Billionaire Sultan Ibrahim sworn in as Malaysia’s 17th king under rotating monarchy system
- Issa Rae talks 'American Fiction' reflecting Hollywood, taking steps to be 'independent'
- Produce at the dollar store: Fruits and veggies now at 5,000 Dollar General locations, company says
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- David Letterman defends NFL's Taylor Swift focus amid Travis Kelce relationship: 'Shut up!'
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- See full Super Bowl replays on this free, limited-time streaming channel: How to watch
- Greek court acquits aid workers who helped rescue migrants crossing in small boats
- Homecoming: Branford Marsalis to become artistic director at New Orleans center named for his father
- In ‘Nickel Boys,’ striving for a new way to see
- Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball
- Legislative panel shoots down South Dakota bill to raise the age for marriage to 18
- Brothers indicted on 130 charges after NYPD recovers cache of weapons, 'hit list'
Recommendation
Nevada attorney general revives 2020 fake electors case
Parents share heartwarming stories of how Taylor Swift has inspired girls to watch the NFL
U.S. Sen. Joe Manchin’s wife, Gayle, hospitalized in stable condition after Birmingham car crash
Ava DuVernay gets her 'Spotlight' with 'Origin,' a journalism movie about grief and racism
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
US pilot safely ejects before his F-16 fighter jet crashes in South Korean sea
National Security Council's John Kirby on how the U.S. might respond to deadly attack in Jordan
The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going