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Aldi Invests 70M Dollars in Portuguese Market

Aldi Invests 70M Dollars in Portuguese Market


PORTUGAL
Wednesday, October 7th, 2020

Aldi has long been a force to be reckoned with, and its newest expansion in the Portuguese market continues this trend. The retailer recently invested over $70 million (€60 million) to begin construction on a new logistics warehouse while seeking out another location for its next expansion. On top of that? It appears the retailer is also looking to open 25 new stores in 2021 alone.

"The geographic definition of the new stores has been based on a strong location criterion, a key factor to serve our customers better and better, in terms of convenience," says João Braz Teixeira, Managing Director of Expansion at Aldi Portugal.

Aldi Nord Group has been honing in on business in Portugal, recently investing over $70 million to begin construction on a new logistics warehouse while seeking out another location for its next expansion

The store currently being built, according to local news source negocios, is expected to stand at over 538,000 square feet (50,000 square meters) with plans to open in early 2022. This location will create roughly 300 new jobs for the market.

Aldi is also seeking out a new location to open its next warehouse in Northern Portugal, aiming to supply more than 100 stores planned to open by the end of 2025. The news source teased that this location will include an investment of over $52 million (€45 million).

Aldi is currently seeking out a new location to open a new warehouse by the end of 2025 in Northern Portugal that would supply more than 100 stores and has ambitions to open 25 new stores in 2021 alone

Those 25 new stores are all part of Aldi’s larger expansion plan, negocios explained. The news source divulged that Aldi’s expansion may include new geographies and store formats, including urban centers, which will have their own adapted formats.

Will this growth spill over into the U.S. market? Continue checking in with Deli Market News to find out.

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