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Almost 330 of the new branches will be built in the Northeast and Midwest.
Aldi recently completed the acquisition of US retailer Southeastern Grocers and its supermarket chains Winn-Dixie and Harveys. Some of its approximately 400 stores in the southeastern United States will be gradually converted into Aldi stores over the next few years, the company announced Friday. However, some locations will continue to operate under existing brand names.
The discounter’s US business is owned by Aldi Süd, based in Mülheim an der Ruhr. The company recorded net sales of 16.9 billion euros in the US in 2022, according to business research institute EHI. Aldi says it has opened more than 100 new branches here every year in recent years, for a total of over 2,200 new branches. Its rival Lidl has fewer than 200 stores in the United States.
Aldi recently announced that it is looking to expand its business in Great Britain. This year, an investment equivalent to 644 million euros will be made for the construction of new branches and the modernization of existing branches. The company did not announce the number of new stores.
Founders Karl and Theo Albrecht split Aldi into two independent companies in 1961: Aldi Nord and Aldi Süd. Since then, the Aldi equator not only cuts off Germany, but the world has also been divided. For example, branches in France, the Netherlands, Poland and Spain belong to Aldi Nord. Aldi Süd targets customers in Great Britain, Italy and Australia, among others. Both companies are represented in the United States, but Aldi Nord operates under the Trader Joe’s name. The first Aldi store in the United States opened in 1976. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
