This massive grocery now plans to add 800 new stores in the United States, part of a national expansion plan, sources report.
Discount grocer Aldi will invest a whopping $9 billion over the next five years on its national expansion plan, which includes adding 800 stores to its U.S. fleet by the end of 2028, reports Retail Touch Points.
To reach that number, the value-priced retailer will use a combination of new store openings and conversions of stores purchased as part of Aldi’s August 2023 acquisition of Southeastern Grocers (SEG).
Aldi’s growth plans include beefing up its presence in the Northeast and Midwest, with plans to add nearly 330 stores across both regions by 2028.
Aldi also plans to grow in the West by adding stores in the Southern California and Phoenix markets and entering new cities, such as Las Vegas.
“For more than a decade, Aldi has added hundreds of stores per year across the country,” said Jason Hart, CEO of Aldi in a statement.
“Our growth is fueled by our customers, and they are asking for more Aldi stores in their neighborhoods nationwide.”
Beginning in mid-Summer 2024, Aldi will kick off a phased approach to converting the SEG banners, Winn-Dixie and Harveys Supermarkets, to the Aldi name and format.
Aldi plans to begin the conversion process for approximately 50 stores during the second half of 2024, with the majority of these reopening as Aldi locations in 2025.
However, Aldi intends to keep a “meaningful amount” of these stores under their existing banners, according to a company statement.
“With a long history of serving the Southeast, our steadfast commitment to helping our customers stretch their hard-earned dollars has remained a constant priority,” said Anthony Hucker, President and CEO of SEG in a statement.
“As we begin this next chapter, we will continue to deliver the quality, service and value our customers have come to expect from us.”
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Also Read: This Massive Mall Retailer Is Now Closing In California
Other Economy News Today
Customers are now warned as a massive restaurant closes 41 locations nationwide, affecting several open gift cards.
Outback Steakhouse customers with gift cards have been told get a refund if their local restaurants are closing.
The parent company is shuttering 41 locations nationwide – leaving some states without an Outback at all, reports The-Sun.
If you have an Outback gift card, but your local restaurants are all closing, you could get a refund.
The Department of Commerce, and Consumer Affairs Office of Consumer Protection in Hawaii, where all restaurants recently shut down, has told customers to act fast.
Executive Director Mana Moriarty told Hawaii News Now: “An important guideline with gift cards is to use them as soon as you can, because if a store closes or goes bankrupt, there may be little to no recourse for a consumer to recover an unspent balance.
“There is presently no time limit for affected consumers to seek a refund, but anyone holding these gift cards is strongly encouraged to promptly pursue their claims.”
Hawaii is just one state that now has zero Outback restaurants remaining after three closures last month.
The parent company, Bloomin’ Brands, is in the process of closing 41 locations nationwide across several banners.
To get a refund, you should contact Bloomin’ Brands via email at GiftCardTeam@BloominBrands.com.
In your message, include the front and back images of the gift cards, along with your full name and complete mailing address.
You can also loop in an investigator with your state’s Office of Consumer Protection in the email, reports The-Sun.
However, if you will still have a local Outback restaurant after the closures, your request for a refund is unlikely to be approved.
The 41 restaurants Bloomin’ Brands is closing are not just Outback locations.
The closures will affect other chains including Carrabba’s Italian Grill, Fleming’s Prime Steakhouse, Bonefish Grill, and Aussie Grill.
CEO of the restaurant group, David Deno, told investors last week that the company had decided to close its “predominantly older, underperforming restaurants.”
Most of these locations were “older assets with leases from the 90s and early 2000s,” he said.
Hawaii is not the only state that has been left without an Outback.
The chain also closed down its final location in New Hampshire last month.
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Also Read: Clothing Retailer Now Makes Painful Decision To Close All Stores
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