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Bargain grocer Aldi seizes the moment and expands with consumers hurting [Globe and Mail, The (Toronto, Canada)]
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The chain, with U.S. operations based outside of Chicago, went on an expansion tear soon after inflation began to spike in 2021 and opened a record number of new stores last year. Food inflation has slowed, but it was still 2.4% last year, according to U.S. data. Aldi has sought to snap up market share as more families trade down, meaning they are changing where they shop to cut costs. Americans are dropping trusted name brands for cheaper store-brands and swapping out the places they've shopped for years in favor of discount or thrift stores . It's been a boon for national bargain stores chains like Dollar General and Dollar Tree. That shift had begun before President Donald Trump's trade war began, but appears to have accelerated over the past year. Aldi said in 2024 that it planned to open 800 new stores by 2028 as inflation worries spread. It announced plans to open a record 225 locations last year in the U.S. Aldi said Tuesday that it will add new distribution centers
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- Bargain grocer Aldi seizes the moment in an era of higher prices [Los Angeles Times (CA)][Los Angeles Times]
- Dollar Tree (NASDAQ:DLTR) was given a new $156.00 price target on by analysts at Truist Financial Corporation.[MarketBeat]
- Dollar Tree (NASDAQ:DLTR) was given a new $146.00 price target on by analysts at Morgan Stanley.[MarketBeat]
- Peeps unveils Pop-Tarts, Sunny D flavors. See Easter 2026 offerings. [USA TODAY][USA TODAY]
- Bargain grocer Aldi seizes the moment and expands with consumers hurting [Yahoo! Finance][Yahoo! Finance]
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