Germany-based Aldi has announced plans to invest $3.4 billion to expand its presence in the US to 2,500 stores by 2022, CNBC reports.
The move will make Aldi the third-largest grocer in the country after Walmart and Kroger. In addition, Lidl, another German discount supermarket, announced plans to begin its expansion in the US this week. Lidl would add pressure to Walmart beyond the grocery segment, as it also sells general merchandise.
The newly announced expansions could threaten Walmart’s leading position in the grocery segment, even as the retailer moves to win…