Aldi unveils $1.6bn store remodel plan
German retailer Aldi has unveiled a $1.6bn plan to remodel and expand 1,300 US stores by 2020.
The company stated that its new and expanded stores will provide a modern and easier shopping experience.
Focus of the stores will be on fresh items such as increased produce, bakery and dairy sections.
The revamp work of the stores would also include a modern design, natural lighting, open ceilings and usage of eco-friendly construction materials like LED lighting, energy-conserving refrigeration and recycled materials.
Aldi CEO Jason Hart said: "We're continuing to expand our fresh offerings, which means we need to provide more space for produce, meat, and bakery items. We've also made a number of improvements to our products - such as removing added MSG, certified synthetic colors and partially hydrogenated oils from all of our ALDI exclusive brand foods.
“But one thing that hasn't changed is that our customers still save money on the groceries they buy the most.”
The grocery store chain, besides the major remodel program, will carry on with its accelerated growth plan of adding 650 new stores in the country.
By the end of next year, the retail giant hopes to run around 2,000 stores while catering to over 45 million customers every month.
Aldi will inject over $3bn to fund land, facilities and equipment acquisitions that are needed to open the new stores.
The company had opened 34 new stores since March 2016, including its first stores in Southern California.
Aldi has grown to become the fifth largest supermarket company in the UK, according to latest industry figures.
Image: Aldi to invest $1.6bn for remodeling and expansion of US stores. Photo: courtesy of ALDI.