An Aldi store in the US. Photo: DPAGerman discount grocery store giant Aldi unveiled a major US expansion plan on Monday, aiming to make it the third-largest US grocery chain in five years. The planned $3.4 billion expansion will add nearly 900 additional stores and 25,000 new jobs, the company said in a statement. By expanding to 2,500 stores by 2022, from the current 1,600, the Aldi would become the third largest US grocery store chain by store count, more than doubling its monthly customer base to 100 million. The new investment plan builds on plan already underway to remodel 1,300 existing stores at a cost of $1.6 billion by 2020.

Source: The Local June 12, 2017 21:22 UTC