Thursday, March 16, 2017

Aldi to spend billions on new stores and remodels

Aldi announced earlier this year that it plans to remodel more than 1,300 stores by 2020 at a cost of $1.6 billion. The remodeled stores will focus on fresh items, including produce, dairy and bakery sections, and feature open ceilings, natural lighting and environmentally-friendly building materials.

Currently Aldi owns and operates about 1,600 stores in the U.S., and by the end of 2018 it expects the number of stores to exceed 2,000. The company says that an investment totaling about $3 billion will be necessary to acquire land, facilities and equipment for the new stores.

Locations for new stores coming soon to the Greater Philadelphia market include Limerick, PA and Voorhees, NJ, among others.

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