ALDI, a leading low-price grocer, announced a five-year strategic plan to open 650 new stores across the nation. The grocery retailer launched its expansion efforts with the decision to build its regional headquarters and distribution center in Moreno Valley, CA.
To reach its aggressive goal, over the next five years ALDI plans to accelerate the pace of new store openings to an average of 130 per year, up from an average of 80 stores per year in recent years. ALDI is also planning to invest more than $3 billion to pay for land, facilities and equipment.
When the expansion is complete, ALDI will have stores coast-to-coast and anticipates serving more than 45 million customers per month. The expansion is expected to create more than 10,000 new jobs at ALDI stores, warehouses and division offices. Additionally, the company’s growth is expected to have a positive economic impact on its long-term supplier-partners, as well as provide opportunities for new supplier-partners as ALDI expands its footprint.
“We’re ramping up our expansion plans to meet growing demand for ALDI from customers across the country,” said Jason Hart, president of ALDI. “Recently, we successfully entered new markets such as Houston, and expanded our presence in competitive markets like South Florida and New York City. At ALDI, we believe that great quality can be affordable, and we are eager to bring the ALDI difference to new markets like Southern California.”
Since opening its first store in 1976, ALDI has achieved measured, but steady, growth entirely through organic expansion. Today, ALDI has nearly 1,300 stores across 32 states and employs more than 18,000 people. More than 25 million customers each month benefit from the company’s simple and streamlined approach to grocery retailing. Additionally, ALDI has a strong track record as an employer of choice, offering its employees generous compensation, including benefits, which are above industry standard.
“When we open a new store, word of mouth about the amazing quality and freshness of the products available at ALDI spreads quickly from loyal shoppers to friends and neighbors. While new customers are sometimes surprised that ALDI doesn’t look or feel like other grocery stores, once they learn how our efficiencies directly impact their savings at the register, they embrace the ALDI way of grocery shopping,” added Hart.
“We’ve updated our new store design to be brighter and more welcoming than ever before,” said Hart. “And we continue to increase our healthy food options, including fresh produce, meats, dairy and baked goods. Our Fit & Active line offers a number of foods that have less fat and sodium, and fewer calories, and we are preparing to introduce our new SimplyNature line of natural and organic foods. With everything we have to offer, it’s no surprise to us that more and more people are discovering that they don’t have to sacrifice quality and taste to save money by shopping at ALDI.”