Aldi Announces Major $9 Billion Expansion to Open 800 New Stores Amid Rising Competition and Inflation
• Aldi announces $9 billion expansion plan to open 800 new stores nationwide over next 5 years
• Aims to expand presence in Northeast, Midwest, West Coast amid rising competition
• Will convert over 50 acquired Winn-Dixie and Harveys locations to Aldi stores
• Expansion fortuitous timing as shoppers seek value due to high inflation/prices
• Chain still trails rivals Kroger/Albertsons and Walmart in total U.S. store count