Aldi and Lidl Take Supermarket Battle to the U.S.
- Aldi says it will add 900 locations over the next five years
- Longtime competitor Lidl opening first U.S. stores this week
A customer shops at an Aldi Inc. grocery store in Hackensack, U.S., on Thursday, June 8, 2017.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
A decades-long supermarket battle in Europe is moving to the U.S., adding to the competitive pressure in an industry embroiled in a deflation-fueled price war.
Aldi, known for low prices on its private-label items, plans to spend $3.4 billion over the next five years to open 900 supermarkets, the company said Monday. The investment comes as its European discount rival, Lidl, prepares to open its first U.S. stores this week, with plans for as many as 100 by the summer of 2018.