Hofer's parent company Aldi plans to open 800 more supermarkets in the U.S. over the next five years. The supermarket chain in the US announced on Thursday that it has earmarked $9 billion (8.3 billion euros) for this until the end of 2028. Jason Hart, president of Aldi in the US, said the discount retailer has been opening hundreds of new supermarkets every year in the US for more than ten years. The demand is still high.
“Our customers across the country are demanding more supermarkets in their neighborhoods,” Hart said. With 800 new locations planned, “we'll be where customers want us.”
In August 2023, Aldi acquired US chains Winn-Dixie and Harvey's with nearly 400 branches. Some stores will remain under their current name, while others will be converted into Aldi branches. By the end of 2023, Aldi had more than 2,400 stores in the United States.
GlobalData analyst Neil Saunders said the planned expansion to 800 more locations would seriously hurt competition. Aldi, with its low prices and “modern and attractive stores”, could force other retailers to lower their prices to stay competitive. This reduces their margins. The extension of rebates is “good news” for consumers.
The company has been in the US since 1976. Aldi stores in the country are owned by Aldi Suits, while Aldi North owns the popular Trader Joe's chain in the US.
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