Aldi, the grocery giant known for its super-discounted prices, didn’t always have the massive following it does now.
Aldi — short for Albrecht Discount — was first opened in Essen, Germany, by Anna Albrecht in 1913, before being taken over and expanded by her sons Theo and Karl in 1948. Since then, the chain has grown to include thousands of locations around the world, including more than 1,600 in the United States.
Aldi is spending $1.9 billion to remodel existing stores and another $3.4 billion to build 800 new ones over the next four years, Business Insider’s Hayley Peterson reported on Wednesday. The company announced this week that it’s rolling out a massive store overhaul that will emphasize fresh, organic, vegetarian, and vegan items in its US stores. By the time it completes the refresh in early 2019, about 20% of Aldi’s grocery items will be new, the company said.
And with the continuing store growth, Aldi is on track to become the third-largest grocer in the US by store count, behind Walmart and Kroger, by 2022.
Aldi is known for its low prices and no-frills store design. One reason its prices are so low is that a majority of the groceries it carries are private-label. It also limits store sizes and hours, enforces a cart-rental system, and focuses on efficiency to lower labor costs.
See how Aldi came to be the grocery giant it is today: