Aldi to invest $3.4 B for expanding to 2,500 U.S. stores

Aldi, the German supermarket giant, found in 1913 and has over 9,200 stores globally (including 1,600 Aldi US stores and 418 Trader Joe’s stores), announced big expansion to 2,500 US stores by 2022.

Walmart is current No.1 in the $800 billion US grocery market, with 17.3% market share, Kroger is No. 2 at 8.9%, Albersons/Safeway is No. 3 at 5.6%, Costco is No. 4 at 5.1%, and Sam’s Club is No. 5 at 3.4%.  Aldi is planning to be Number 3 after the expansion.