Aldi has aggressive plans in place to become the third largest grocer in the United States, and with its most recent news, it may be closer to this achievement than we think. The retailer recently announced that it plans to invest over $5 billion to open 70 new stores across the U.S., in addition to setting up a new distribution center (DC) in Loxley, Alabama. Alongside all of this, it will enter a new market in Phoenix, Arizona.
“Each new store is an opportunity to serve another community, which is an honor and responsibility we do not take lightly,” said Jason Hart, CEO, ALDI US, in a recent press release. “As we continue to expand, we promise to do everything in our power to offer the lowest prices, every day, without exception. In fact, as food costs are rising across the country, we’re lowering prices on hundreds of items to meet our customers’ increased need for savings.”
This news relates to Aldi’s continuing $5.3-billion expansion plan that it hopes will position it as the third largest grocer in the United States.
Its new DC in Loxley, Alabama, valued at $100 million, will support its growth along the Gulf Coast as it seeks to further penetrate markets in Alabama, Louisiana, and the Florida Panhandle.
“We are ready to bring the Aldi difference to new markets in Alabama, like Baldwin County,” Dan Gavin, Vice President of Real Estate, Aldi. “We’re ramping up our expansion plans to meet the growing demand along the Gulf Coast.”
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