German grocery chain Aldi announced that it will reopen newly acquired Bottom Dollar stores under its brand name. The acquisition includes a larger group of supermarkets located in New Jersey, Pennsylvania and Ohio that the company bought from the Delhaize Group.
Aldi has officially completed the purchase and picked up 66 former Bottom Dollar stores after Delhaize opted to sell and close down the chain last year, reported the Pittsburgh Business News.
The acquisition, which includes land, buildings and leased properties, will expand Aldi's presence with an additional 30 stores in the three-state area.
"Aldi has been offering fresh, affordable groceries in Pennsylvania and southern New Jersey communities for 20 years. With the completion of this real estate transaction, we are able to ramp up our expansion plans in the region to meet the growing demand for the Aldi difference: high-quality groceries at everyday low prices in an easy-to-shop store," said Jason Hart, CEO, Aldi. "While we are excited to pursue opening Aldi stores at 30 of these locations, we will continue working with those communities where we will not be using the sites to ensure a smooth transition."
Since the start of 2014, Aldi has been on an accelerated growth plan to open 650 new stores by the end of 2018, with the goal of eventually opening 2,000 more stores across the country. The company will also invest $3 billion to pay for land, facilities and equipment.
Aldi offers savings to shoppers by cutting its overhead in ways that include providing bulk product offers, exclusive brand products, weekly special buys, and leaving out components such as banking, pharmacies, check cashing and bagging clerks.
Last week Aldi announced that it is working on broadening its assortment as it physically scales up. And earlier this month, the retailer was one of three supermarkets to top a best customer experience survey.
-See this Pittsburgh Business News article
-See this Aldi press release
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