The expansion comes as higher food prices continue to squeeze many Americans' wallets
While a mega merger between two of America’s largest grocery chains is snarled in regulatory red tape, a smaller European rival is eyeing a major expansion in the US.
Specific locations for the new stores weren’t revealed, but the German company said it wants to strengthen its “already strong presence” in the Northeast and Midwest, plus expand out West in Southern California, Phoenix and new cities, like Las Vegas. Aldi’s expansion shows that it’s “throwing down the gauntlet to traditional grocery players,” according to Neil Saunders, retail analyst and managing director at GlobalData Retail, adding that it’s a “major challenge to the market which could cause significant disruption and pain for other retailers.”
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