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Aldi unveils $3.4bn store US expansion plan

RBR Staff Writer Published 13 June 2017

Discount retailer Aldi has unveiled plans to invest $3.4bn to expand its US store base to 2,500 by 2022.

The latest investment would add up to the grocer’s previously announced investment of $1.6bn in February for remodeling 1,300 of its stores by 2020.

Aldi says that the $3.4bn investment would make it the third largest grocery chain in terms of numbers in the US by expanding its total number of stores to 2,500.

It is also expected to serve 100 million customers per month following the expansion of current stores and opening of new stores.

In February, Aldi stated that it serves over 40 million customers each month, which reflected a near 60% increase since 2013.

The overall $5bn investment from the supermarket chain for new and remodeled stores in the next five years is to create 25,000 new jobs across stores, offices and warehouses.

Aldi CEO Jason Hart said: "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.

"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."

Currently, Aldi operates over 1,600 stores in the US across 35 states, and employs over 24,000 people. The grocery chain is headquartered in Germany and has over 10,000 stores across 18 countries.

Image: Aldi to invest $3.4bn for opening new stores in US. Photo: courtesy of ALDI.