Aldi closing in on Cub for most number of supermarkets in Minnesota
By John Ewoldt, Star Tribune
Feb 7, 2019
Nearly two years ago, Aldi said it would spend $34 million in Minnesota expanding and renovating stores. It planned to remodel 28 stores throughout the state and open two to four new stores per year as part of its $5 billion investment in U.S. expansion. Nationally, 1,300 stores will be remodeled and 900 added.
Not only will it meet its Minnesota goal, it's exceeding it. Twenty-five stores throughout the state have already been remodeled and two more will be by the end of the year including the Minneapolis Franklin Ave store (now closed for three months for expansion) and Little Canada. Thirteen more stores are set to be remodeled in 2020 and beyond to complete the refresh.
New stores opening in Minnesota this year include Minneapolis near Uptown, Richfield 494 and Lyndale, St Paul Phalen, St. Paul Sibley Plaza, Lakeville, Chaska, Chanhassen, Cloquet and one more in the north metro to be announced.
At this rate, Aldi will have 70 supermarkets in Minnesota by the end of 2019, just a handful shy of Cub, which has 77 stores in Minnesota. After its $5 billion investment nationally, Aldi will become the third largest in the country by store count, behind Walmart and Kroger.
Still, Aldi's market share in the Twin Cities (about 3%) is a fraction of Cub's (about 20%), according to Chain Store Guide's 2016 market share report. In the last three years, Supervalu...