Current:Home > InvestLooking for a deal? Aldi to add 800 more stores in US by 2028 -VisionFunds
Looking for a deal? Aldi to add 800 more stores in US by 2028
View
Date:2025-04-12 23:59:42
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 blinfisher@USATODAY.com 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! (1496)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Read Obama's full statement on Biden dropping out
- Seven people wounded by gunfire during a large midnight gathering in Anderson, Indiana
- Sam Smith Shares They Were Unable to Walk After Skiing Accident
- Trump issues order to ban transgender troops from serving openly in the military
- Mark Hamill praises Joe Biden after dropping reelection bid: 'Thank you for your service'
- Utah wildfire prompts mandatory evacuations
- Andrew Garfield's Girlfriend Kate Tomas Calls Out Misogynistic Reactions to Their Romance
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Designer Hayley Paige reintroduces herself after regaining name and social media accounts after lengthy legal battle
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- When does Simone Biles compete at Olympics? Her complete gymnastics schedule in Paris
- Lightning strikes in Greece start fires, kill cattle amid dangerous heat wave
- Kate Middleton Shares Royally Sweet Photo of Prince George in Honor of His 11th Birthday
- Nevada attorney general revives 2020 fake electors case
- Wrexham’s Ollie Palmer Reveals What Ryan Reynolds and Rob McElhenney Are Really Like as Bosses
- National bail fund returns to Georgia after judge says limits were arbitrary
- Trump holds first rally with running mate JD Vance
Recommendation
Current, future North Carolina governor’s challenge of power
Powerball winning numbers for July 20 drawing: Jackpot now worth $102 million
MLB trade deadline 2024: Biggest questions as uncertainty holds up rumor mill
Largest trial court in the US closes after ransomware attack, California officials say
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Andre Seldon Jr., Utah State football player and former Belleville High School star, dies in apparent drowning
Tiger Woods watches 15-year-old son Charlie shoot a 12-over 82 in US Junior Amateur at Oakland Hills
Esta TerBlanche, who played Gillian Andrassy on 'All My Children,' dies at 51