American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Aldi to add 800 new U.S. grocery stores by 2028

by admin March 8, 2024
March 8, 2024
Aldi to add 800 new U.S. grocery stores by 2028

Grocery giant Aldi plans to add 800 new stores in the U.S. over the next five years.

The German-owned, Illinois-based chain said in a release Thursday it is planning to build or expand hundreds of Aldi locations in the company’s preexisting northeast and midwest strongholds, as well as in western U.S. and Southern California. A first Las Vegas location is planned, too.

Meanwhile, in the southeast, the company will convert many existing Winn-Dixies and Harveys locations into Aldis, though ‘a meaningful’ number of them will remain under their current brands. Aldi said Thursday its acquisition of Southeastern Grocers, the parent company of Winn-Dixie and Harveys, had been completed.

Aldi said it anticipates that approximately 50 stores will begin the conversion process in the latter half of 2024, with the majority of these stores reopening as Aldi in 2025.

“Our growth is fueled by our customers, and they are asking for more Aldi stores in their neighborhoods nationwide,” said Aldi chief executive Jason Hart in the statement. He continued: ‘With this commitment to add 800 stores in the next five years, we’ll be where our shoppers need us while positively impacting the communities we serve.’

According to SupermarketNews.com, Aldi was the 13th largest U.S. grocer as of last summer — only slightly larger than Dollar General in terms of market share — but currently ranks as the fastest-growing grocery retailer in the U.S.

Known for its lower prices via private-label selections, Aldi’s ambitious growth plans represent a viable threat to established players — especially in Southeastern markets like Florida, according to a report from the market research group Dunnhumby.

“Retailers everywhere should be examining their private brand, pricing, assortment, digital, and real estate strategies in response to Aldi’s move, to build protective moats for an uncertain future,” a report on Aldi from last summer said according to GroceryDive.com.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
‘Absurd’: NTSB chair blasts Boeing for failing to turn over records about midair blowout
next post
‘The Great Stay’: Layoffs, unemployment remain low as job market shows other signs of weakness

Related Posts

Risk alert: ‘mild recession’ could crash the S&P...

April 27, 2025

Are Apple’s glory days over? Analyzing the signs

March 24, 2025

It wasn’t the endless shrimp that doomed Red...

May 26, 2024

Top crypto stocks to buy as Bitcoin price...

February 23, 2025

Global coffee crisis brews as soaring prices disrupt...

March 8, 2025

Opera stock price is rising: could OPRA jump...

November 21, 2024

European pharma stocks fall on Wednesday ahead of...

April 2, 2025

Boeing and Airbus may have used ‘counterfeit’ titanium...

June 17, 2024

Long-predicted consumer pullback finally hits restaurants like Starbucks,...

May 3, 2024

Indian shares rally as Nifty and Sensex rebound...

November 2, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved