Retailers are expected to close stores in record numbers this year, but German discount grocery chain Aldi is still expanding in the United States.

Aldi announced Tuesday that it will open 70 new stores this year. It also said it recently surpassed the 2,000-store marker. The privately held grocer is on track to become the third largest supermarket chain behind Kroger (KR) and Walmart (WMT) in terms of store count, with 2,500 stores by the end of 2022.
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