German grocery discounter Aldi is investing in expanding its retail network in the European market.
German food discounter Aldi is investing in expanding its retail network in the European market. The food giant plans to open an additional 700 new stores over the next three years.
By 2026, the retailer aims to increase its retail network to 6,000 stores. As of the third quarter of 2023, the company has 5,300 discounters under management.
The most significant growth of the network will occur in the markets of France, Spain and Poland. This was reported by Lebensmittel Zeitung concerning CEO Thorsten Hufnagel.
Previously, Aldi aimed to open new stores in the domestic market in Germany and had to reduce its presence in Denmark drastically. It is known that the retailer has already raised funding for the development of the chain. After scaling the network, the company expects to direct profits to the program to reduce prices.
In September, it became known that Aldi was creating a separate holding company for its European operations outside Germany. Last week, the grocery giant also announced a reshuffle in the board of directors, from which the last representative of the founding family Albrecht left.
9 OCTOBER 2023, France
Abercrombie & Fitch opens new flagship in London
Zara lauches pre-owned service in 14 countries
Swarovski opens sparkling and shining flagship store in Seoul
McDonald's to open 10,000 restaurants worldwide by 2027
John Lewis debuts first-ever second-hand fashion pop-up store
Pepe Jeans set to expand with 100+ new stores across India in next three years
10 Asian-origin fashion brands making waves in the US 
Ikea city store opens in Brighton with acquisition of Churchill Square 
Miniso marks the opening of 100th US Store at Florida Mall 
Introducing the 15 most captivating Chinese designers 
Tesco trials scan-free checkouts in London