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German discount supermarket chain Aldi on Thursday announced a $9 billion investment to add 800 new stores across the U.S. over the next four years, an expansion driven in part by the acquisitions of Winn-Dixie and Harvey’s Supermarkets. will be promoted.
important facts
Aldi says it will add 330 stores in the Midwest and Northeast over the next five years, as well as opening stores in Southern California and Phoenix, and expanding into new cities including Las Vegas.
A “significant number” of these locations will be transitioning to the Aldi format over the next few years, with around 50 of those locations starting the process by the end of the year.
The release did not provide financial details of the Southeastern acquisition.
Aldi did not immediately respond to Forbes’ request for comment.
big number
There are nearly 3,200. The discount grocer will have that many stores in the U.S. by the end of its expansion, according to company data.
tangent
On February 26, the Federal Trade Commission, along with eight states and the District of Columbia, filed a lawsuit blocking Kroger’s proposed $24.6 billion takeover of Albertsons on the grounds that it is anticompetitive. The merger would be the largest proposed supermarket merger in U.S. history.
amazing facts
The discount supermarket chain has opened nearly 100 new stores in the U.S. each year for the past decade, according to company data.
Main background
Aldi opened in Germany in 1913 and expanded to the United States in 1976. He opened his first store in Iowa and nearly 20 years later has expanded to his 300 stores across the United States. This chain of discount supermarkets is known for its no-frills shopping approach and currently has approximately 2,400 stores nationwide and serves nearly 50 million customers each month. According to the company, about 90% of the products sold are from Aldi exclusive brands. As part of its continued expansion efforts, the company announced plans to acquire Southeastern Grocers last August. In late January, Southeastern Grocer completed the sale of its Fresco y Mas grocery store chain to Fresco Retail Group LLC as part of a merger.
References
FTC and eight states challenge Kroger-Albertsons merger in court (Forbes)
Why Aldi’s acquisition of Winn-Dixie & Harvey’s Supermarkets is a big win (Forbes)
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