You definitely know Walmart, and you likely know Kroger. If you don't know Aldi, that will probably change by 2022. The low-cost grocery chain was already planning on expanding its 1,650 stores to 2,000 by the end of 2018. The company now says it will be at 2,500 locations by the end of 2022 thanks to a $3.4 billion investment. Reuters reports that count will make it the third largest grocery chain in America. Kroger—which also owns Fry's, Ralphs, and Harris Teeter—has about 2,800 supermarkets; Walmart is at about 4,700.
The German company focuses on private-label goods, as Trader Joe's does—so no Kraft macaroni and cheese—and says it aims to give customers organic produce and meat raised without antibiotics. How the AP paints the move: more competition for traditional grocers, Walmart, and organics-focused chains like Whole Foods. CEO Jason Hart in May told Reuters its prices were in some cases half of what supermarkets charge. "We're growing at a time when other retailers are struggling." (Aldi is currently No. 5 on another list.)