Aldi is getting bigger. Here's why the no-frills German grocer is looking to the Southern U.S. for growth
Publishing timestamp: 2023-08-19 08:00:01
Summary
Aldi plans to acquire Winn-Dixie and Harveys Supermarket, taking over operations of about 400 stores in the Southern U.S. The deal is expected to close in the first half of next year. Aldi already has aggressive expansion plans and is on track to open 120 new stores by year-end. The acquisition has implications for competitors like Walmart and Kroger. Aldi relies heavily on its own brands and is focused on providing a simplified shopping experience with limited SKUs. The grocery industry is experiencing significant changes in consumer shopping habits, with a growing interest in alternative formats like Aldi and online shopping. Aldi is seeing equal growth in both in-store and e-commerce sales.
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