Monday, June 12, 2017

Aldi fires $3.4 billion shot in U.S. supermarket wars

A sign directing shoppers to an ALDI Sued grocery store in Unterhaching, Germany May 18, 2017. REUTERS/Michael DalderGerman grocery chain Aldi Inc said on Sunday it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war.

Aldi operates 1,600 U.S. stores and earlier this year said it would add another 400 by the end of 2018 and spend $1.6 billion to remodel 1,300 of them.. . . more

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