Current:Home > BackAldi plans to open 800 new stores around the U.S.-InfoLens
Aldi plans to open 800 new stores around the U.S.
View Date:2024-12-23 14:18:03
Aldi plans to substantially expand its U.S. footprint, with the discount grocery chain announcing Thursday that it will open hundreds of new stores across the U.S. over the next five years.
The company said it will add 800 new stores by the end of 2028, including newly built outlets as well as converted locations currently operating under different names that Aldi has acquired. Aldi operates 2,300 stores nationwide.
Aldi said the expansion will bring low-priced groceries to more communities across the U.S. as consumers increasingly look for ways to save money at the register. Although inflation has cooled, grocery prices remain stubbornly high. The cost of food eaten at home typically rises 2.5% per year, but in 2022 those prices shot up 11.4% and increased another 5% last year, according to government data.
Two-thirds of voters polled by Yahoo Finance/Ipsos late last year said the greatest toll from inflation had been in surging food prices, far outpacing the 1 in 10 who said they feel the impact through gas prices or higher rents.
Driving Aldi's expansion is organic growth, combined with its acquisition of Southeastern Grocers, which operates and its Winn-Dixie and Harveys Supermarket stores.
"Our growth is fueled by our customers, and they are asking for more Aldi stores in their neighborhoods nationwide," Aldi CEO Jason Hart said in a statement Thursday.
The expansion will cost Aldi a total of $9 billion over five years, according to the company. Aldi said it will add nearly 330 stores across Northeastern and Midwestern states, as well as open new stores in Southern California, Phoenix and Las Vegas.
—With reporting from the Associated Press
- In:
- Aldi
- Inflation
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.
veryGood! (2)
Related
- 'Serial swatter': 18-year-old pleads guilty to making nearly 400 bomb threats, mass shooting calls
- John Pilger, Australia-born journalist and filmmaker known for covering Cambodia, dies at 84
- Red Sox trade seven-time All-Star pitcher Chris Sale to Braves
- More Rohingya refugees arrive in Indonesia despite rejection from locals
- Vogue Model Dynus Saxon Charged With Murder After Stabbing Attack
- Orcas sunk ships, a famed whale was almost freed, and more amazing whale stories from 2023
- Ireland Could Become the Next Nation to Recognize the Rights of Nature and a Human Right to a Clean Environment
- See New Year's Eve store hours for Walmart, Target, Costco, Kroger, Publix, Aldi, more
- Police capture Tennessee murder suspect accused of faking his own death on scenic highway
- China calls Taiwan presidential frontrunner ‘destroyer of peace’
Ranking
- Why Game of Thrones' Maisie Williams May Be Rejoining the George R.R. Martin Universe
- Maine state official who removed Trump from ballot was targeted in swatting call at her home
- Feds say they won't bring second trial against Sam Bankman-Fried
- Man wielding 2 knives shot and wounded by Baltimore police, officials say
- Larry Hobbs, who guided AP’s coverage of Florida news for decades, has died at 83
- AFC playoff picture: Baltimore Ravens secure home-field advantage
- This group has an idea to help save the planet: Everyone should go vegan
- Beyond Times Square: A giant Peep, a wrench, a crab. A look at the weirdest NYE drops.
Recommendation
-
Fire crews on both US coasts battle wildfires, 1 dead; Veterans Day ceremony postponed
-
NFL playoff picture Week 17: Chiefs extend AFC West streak, Rams grab wild-card spot
-
Beyond Times Square: A giant Peep, a wrench, a crab. A look at the weirdest NYE drops.
-
Sam Howell starting at QB days after benching by Commanders; Jacoby Brissett inactive
-
Eva Longoria calls US 'dystopian' under Trump, has moved with husband and son
-
Not all New Year's Eve parties are loud and crowded. 'Sensory-friendly' events explained.
-
California law banning most firearms in public is taking effect as the legal fight over it continues
-
'Steamboat Willie' is now in the public domain. What does that mean for Mickey Mouse?