Is ALDI closing stores in USA? Are they shut down in 2024?

ALDI is known for its cheap prices. It started in the US in 1976, and now there are over 2,000 Aldi stores across the country. People love shopping there because they can find good deals even when prices are high.

ALDI is still doing well, but there are worries about having too many stores and facing more competition. They want to have 2,500 stores in the US soon.

Some ALDI stores already closed in places like North Minneapolis, Memphis, Chicago, Pennsylvania, and Australia. But not all stores in those areas are closing, just some of them.

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ALDI’s Recent Announcement

ALDI announced that it is closing all its stores for one day on March 31 because of Easter Sunday. This means workers get a day off to be with their families. If you usually shop at ALDI on Sundays, remember to get what you need before Easter Sunday.

ALDI always closes for four holidays each year: Christmas Day, New Year’s Day, Thanksgiving, and Easter Sunday. On other holidays like Memorial Day or Independence Day, they open for a shorter time.

Right now, ALDI has more than 2,300 stores in the US. They’re growing and planning to open even more stores by 2028. The CEO says people want ALDI in their neighborhoods.

They’re even going to start opening stores in new cities, like Las Vegas.

Which Stores Will Close on Easter Sunday, March 31, 2024?

Some stores, including ALDI, won’t be open on Easter Sunday, March 31, including: 

• Publix
• Target
• Costco
• Apple stores
• Best Buy
• Sam’s Wholesale Club
• TJ Maxx
• Nordstrom
• Marshall’s
• JC Penney
• HomeGoods
• ACE Hardware
• Macy’s

Why Did Some ALDI Stores Close?

Some people who know about grocery stores think there are reasons why Aldi closed some of its stores:

Too Many Stores:

ALDI already has a lot of stores in many states. Having too many stores close together could make it hard for ALDI to keep making money. If there aren’t enough new places for ALDI to open stores, it might have a tough time growing like it used to.

More Competition: 

More stores are offering cheap groceries now, which means ALDI has more rivals. Even big stores like Walmart and Target are selling their low-cost brands to compete with ALDI. With more competition, ALDI might not make as much money as before.

Problems with Getting Products:

Like other stores, ALDI had trouble getting enough stuff because of the pandemic. Prices for food also went up, making it harder for ALDI to keep prices super low.

Since ALDI sells mostly its brands, they need to find cheap stuff to sell. If the things they buy to sell stay expensive, ALDI might not be able to keep its prices as low as people expect.

Why Is ALDI Popular and Growing?

They’re Doing Well Financially:

Even though we don’t know everything about ALDI’s money since it’s a private company, we do know they make a lot of sales worldwide, over $100 billion each year. In the US alone, they made around $121.1 billion in 2022. This means ALDI in the US is still making good money.

People Love Shopping There:

Even with more competition, lots of people keep going to ALDI. Studies show that more than 90% of ALDI’s customers tell others to shop there because they like the low prices and good stuff. With so many loyal customers, ALDI will keep making sales.

They’re Still Expanding:

Aldi wants to open lots more stores in the next few years, especially in places like California. They’re spending a lot of money, about $5.3 billion, to do this.

ALDI’s Future

ALDI is planning to open 800 more stores across the country by 2028, making it easier for people to shop there. This expansion will bring more fresh food options at affordable prices to places that don’t have many cheap grocery stores.

The CEO of ALDI, Jason Hart, says they’ve been adding lots of stores every year to help more people save money. They’re spending $9 billion to make this happen, focusing on areas like the Northeast, Midwest, West Coast (especially Southern California and Phoenix), and even Las Vegas.

ALDI is also buying other grocery stores like Winn-Dixie and Harvey Supermarket, and they’ll change them into ALDI stores soon. They’re also making sure their stores are eco-friendly by using energy-efficient lights, eco-friendly fridges, and solar panels on the roof.

Despite all these changes, ALDI promises to keep providing the same great shopping experience that keeps customers coming back.

Retail Property Trades: What’s Expected in 2024?

Here are five big deals that happened, showing what we might see more of in 2024:

• A fancy area in Houston called River Oaks District was sold for $450 million. The buyer owns the Houston Rockets basketball team, casinos, and hotels. This place has shops, a movie theater, apartments, and offices, making it a big deal in the retail property world.

• Selling Shopping Centers: Kimco, a real estate company, is selling some of the shopping centers it bought last year. Last week, they sold eight centers to KPR Centers for $180 million. These centers include stores like Dick’s Sporting Goods, Marshalls, and Michaels.

• Macy’s Changes: Macy’s, a big department store, sold its buildings at the Mall at Fox Run in New Hampshire to Torrington Properties for $16.25 million. Torrington already owned the mall and plans to change the whole property.

• New Owners of Shopping Center: PMAT Cos. bought a big shopping center in Orland Park for $74.6 million. This center has stores like Nordstrom Rack and Dick’s Sporting Goods. A furniture store is moving into a space that was previously a Bed Bath & Beyond.

• Investing in Fast Food: Someone bought a Sonic fast-food restaurant in Texas for $1.8 million. The restaurant is near offices, which means a lot of people go there for lunch.

Why Should You Consider Shopping at ALDI Instead Of Trader’s Joe?

ALDI and Trader Joe’s are similar because they both have low prices and a small selection of items. ALDI only has about 1,300 things to buy, while most other stores have around 30,000. Having fewer things means ALDI stores can be smaller and cheaper to run. They mostly sell their brands, which helps keep costs down.

However, shopping at ALDI is different from Trader Joe’s. At ALDI, things are displayed in the boxes they came in, and you have to pack your groceries. They even charge you for bags if you don’t bring your own. If you want a shopping cart, you have to put a quarter in, but you get it back when you return the cart.

Don’t let these things turn you off from shopping at ALDI, though. Here are five reasons why you should:

• You can feed a family of four 25 meals for less than $150. With ALDI’s low prices, you can buy enough food to make dinners for a month for about $6 per meal.
• You can buy organic food without spending too much. ALDI has a good selection of organic items, like milk, fruit, and vegetables, at prices similar to Trader Joe’s or even lower.
• You can find fancy foods at cheap prices. ALDI sells things like gourmet cheese and fair-trade coffee for much less than other stores.
• You can get gluten-free products for less money. ALDI’s gluten-free brand is cheaper than other national brands, and they have a variety of gluten-free items like cereal and cookies.
• You can find items similar to what you’d get at Trader Joe’s but cheaper. ALDI has things like guacamole chips and flavored nuts at lower prices.

ALDI has cookies that taste like Girl Scout cookies but cost way less. You can buy ALDI’s Benton’s Caramel Coconut Fudge cookies, which are like Samoa cookies, for a lot less money.

Final Thoughts

Basically, ALDI stores are not likely to close down, even though there might be some problems. ALDI plans to open more stores, they’re doing well with money, and lots of people like to shop there. Even though other stores are trying to compete, ALDI is still doing good because they have a smart way of saving money, and people like their brand. ALDI might not grow as fast as before, but it’s still a good choice for people who want to save money on groceries. As long as people keep liking ALDI and the economy stays okay, ALDI will keep doing well.