Aldi will open 70 new stores by the end of the year

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Low-budget grocer Aldi plans to open 70 new locations in the United States by the end of 2020 as part of its “coast-to-coast” expansion plan, the company said on Tuesday. .

As part of its “new wave of expansion,” the grocer will enter Arizona, its 37th state, with four new stores in the greater Phoenix area this year, the company said. By 2021, Aldi plans to inaugurate a new regional regional headquarters and distribution center in Loxley, Alabama.

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The Alabama center will serve stores in southern Alabama and throughout the Florida Panhandle, as well as Louisiana, marking the company’s presence in 38 states, Aldi said.

Aldi supermarket in the UK on June 21, 2018 (iStock)

While working to increase the number of its stores, Jason Hart, CEO of Aldi, said the company was lowering the prices of certain items as food prices in the United States continued to rise. The cost of food rose for the sixth consecutive month in June, according to data from the Ministry of Labor.

“As we continue to grow, we promise to do everything in our power to offer the lowest prices, every day, without exception,” Hart said in a statement. “In fact, as food prices rise across the country, we are lowering the prices of hundreds of items to meet our customers’ growing need for savings.

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To date, the company has 2,000 stores and said that with expansion plans it is on track to become the third largest grocery retailer by number of stores by the end of 2022.

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