Bargain grocer Aldi seizes the moment and expands with consumers hurting
ABC 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.
- The discount chain began its expansion after inflation surged in 2021 and opened a record 225 stores in 2023, aiming for 800 new stores by 2028.
- Despite food inflation slowing, grocery prices still rose 0.7% in December 2024, contributing to consumers shifting toward discount and store-brand options.
- Aldi plans to invest $9 billion in the U.S. through 2028, adding new distribution centers in Florida, Arizona, and Colorado, and aims to nearly double its Las Vegas stores by 2030.
