Aldi Advances Growth Strategy In Southern California

Aldi said it will open stores for the first time in Southern California in March 2016 and expects to have about 45 operating by the end of 2016. By the end of 2016, Aldi expects to employ more than 1,100 people in its Southern California stores and its regional headquarters and warehouse in Moreno Valley, CA, the company announced.

Since opening its first store in the United States almost 40 years ago, Aldi has achieved steady growth and today operates nearly 1,400 stores across 32 states, employing more than 19,000 people, the company stated. Its expansion to California is part of a five-year strategic plan to open 650 new stores across the nation. By the end of 2018, Aldi anticipates operating about 2,000 stores, the retailer noted. To support the expansion, the company indicated, Aldi plans to invest more than $3 billion to pay for land, facilities and equipment.

“At Aldi, we firmly believe that amazing quality can be affordable, and we are excited to bring our small-format, convenient grocery shopping experience to Southern California,” said Jason Hart, CEO, Aldi.