Aldi Plans To Drop $1.6 Billion To Upgrade More Than 1,300 Stores

Aldi, the massive international German-owned supermarket chain, has big plans for the future, and one of them involves a $1.6 billion price tag. The grocery store company announced that by 2020, it aims to have extensively remodeled and expanded locations across the US to accompany its growing loyal fan base.

Customers can expect Aldi's makeover to include "modern design, open ceilings, natural lighting and environmentally friendly building materials – such as recycled materials, energy-saving refrigeration and LED lighting," according to a company statement.

"With this significant investment in our stores, what we're really doing is continuing to invest in Aldi customers," Jason Hart, CEO of Aldi, said in a statement.

Not only does Aldi plan to change its look, but also to improve its product selection.

"We've also made a number of improvements to our products – such as removing added MSG, certified synthetic colors and partially hydrogenated oils from all of our Aldi exclusive brand foods. But one thing that hasn't changed is that our customers still save money on the groceries they buy the most," Hart said.

As for expansion, the company, which operates more than 10,000 stores in 18 countries worldwide, plans to open 650 new stores in the US and hopes to bring in more than 45 million customers each month.