Bargain grocer Aldi broadens its footprint in an inflationary era
AP News • • business
Key Points:
- Aldi is rapidly expanding in the U.S., planning to open over 180 stores in 2024 as more Americans cook at home due to economic concerns and rising food prices.
- Food inflation remains high, with grocery prices increasing 0.7% in December 2024 and key items like beef and coffee seeing significant price hikes over the past year.
- Consumers are shifting from name brands to cheaper store brands and discount retailers, benefiting chains like Aldi, Dollar General, and Dollar Tree.
- Aldi aims to open 800 new stores by 2028, investing $9 billion in the U.S., with plans to add distribution centers and significantly increase store counts in states like Colorado and Nevada.
- By the end of
