US Markets
Home›US Markets›Sectors›Aldi expands in US cities with $9bn plan for 800 new s…
Aldi expands in US cities with $9bn plan for 800 new stores
The expansion targets dense hubs such as Manhattan and would lift Aldi’s US footprint to nearly 2,800 stores, according to the report.
Aldi is stepping up its US growth with a $9bn expansion plan that aims to add 800 new stores over five years, with a focus on dense urban areas like Manhattan, the BBC Business reports.
The article describes a new Aldi in Manhattan where shoppers compare prices with their usual neighborhood, including an example of a $4 jar of almond butter costing $22 locally, alongside produce sold in the store’s basement location.
The push also signals a shift in how Aldi shows up in the market, the report says, noting that the luxury apartment complex above one store does not highlight Aldi in its own online neighborhood guide and instead features higher priced options.
Aldi’s growth since entering the US in 1976 has brought it to nearly 2,800 storefronts, and the BBC points to Aldi and Lidl’s discount model in Europe as a driver of their rise, aided by changing perceptions of discount quality and the cost of living pressures of the 2020s.