Tuesday, February 14, 2017

Supermarket chain investing $1.6 billion in store remodels

Discount grocer Aldi is not about to let any new competitors — home-grown or fellow German imports — get the best of it.

The retailer has announced an aggressive $1.6 billion investment in its stores, with plans to remodel and expand more than 1,300 of its locations by 2020. The announcement comes as competition heats up in the value grocery segment, which is bracing itself for the entry of Germany’s Lidl. At the same, Whole Foods Market continues to expand its new, less pricey format, 365 by Whole Foods.. . . more

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