Aldi targets 2,500 US stores by 2022 with 3.4 billion dollars investment | Progresiv
Retailer Aldi will invest 3.4 billion dollars in continuing to grow its American operation, as it aims to reach 2,500 US stores by the end of 2022. If it meets the five-year target, the discounter will be the third largest grocery chain in the US with a projected 100 million customers per month. Aldi said the investment would add 25,000 new jobs across its stores, warehouses and offices. 
It follows investment of 1.6 billion dollars earlier this year to remodel and expand more than 1,300 US stores by 2020. The new Aldi stores will provide a more modern and convenient shopping experience with a focus on fresh items, including more robust produce, dairy and bakery sections.
The changes reflect growing footfall for the German company. It said that it was ‘bucking the trend’ in ‘a turbulent retail environment’ by showing growth in both customer numbers and total revenue.
Aldi already has plans for 2,000 US stores by 2018 – up from 1,600 in 2014. It also operates 400 outlets of the grocery chain Trader Joe’s. (www.foodbev.com)
