Aldi Could Become The Third-Largest Grocer In U.S. By 2022

Aldi Fresh
Courtesy of Aldi Fresh
Aldi Is Shaking Up The Supermarket Landscape.

German discount grocer Aldi has announced plans to further advance its rapid expansion into America by adding an additional 900 locations to its store count in the next five years, 400 of which will open by the end of next year.

The plan calls for investing $5B to open stores and remodel existing locations, the Wall Street Journal reports. Those openings mean Aldi would operate some 2,500 locations across the U.S. by 2022, making the German chain the third-largest grocer in the country by store count, trailing only Walmart and Kroger.

A recent Bain & Co. report said discount grocery stores are expected to grow by up to 10% each year through 2020, or five times more than traditional grocers. Another German discount grocer, Lidl, is moving to capture some of that growth for itself. Lidl recently announced the opening locations of its first nine U.S. stores and a partnership with fashion designer and supermodel Heidi Klum. Like its competitor Aldi, over the next few years Lidl aims to open hundreds of U.S. stores.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Why Hines Is Restarting Its Development Engine

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Nike Closes 15 Stores Amid Tumultuous Year

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Evergrande Founder Sentenced To Life, 56 Others Sent To Prison In China

Loud And Clear: Why Aiphone Thinks Intercom Ownership Is Best For Multitenant Buildings

The Fast-Food Exec Taking Her Real Estate Talents To The Looksmaxxing Era

Republicans, Democrats Backing Away From Data Centers Amid Rising Backlash

TJ Maxx Parent Plans To Accelerate Store Openings In 2027