Saturday, May 6, 2017

Aldi remodeling stores ahead of Lidl openings

In February, Aldi reported that it would spend $1.6 billion to remodel stores and expand its perishables offering. More recently, reports indicate that the company is focusing on areas where Lidl is expected to open stores in the next 6-12 months.

For example, The Charlotte Observer reported that Aldi plans to spend $48 million to remodel 31 stores. In addition, the Raleigh-based News & Observer said that Aldi will spend $13 million to remodel 12 area stores, and local reports state that Aldi plans to spend $14 million on remodels in the Greensboro/Winston-Salem area. These North Carolina markets represent three of the areas where Lidl is expected to open some of its first U.S. stores.

Aldi's remodeling efforts are also underway in Eastern Pennsylvania, where Lidl has several stores planned.

No comments:

Post a Comment