Aldi will open its newest Chattanooga area store on Thursday at Signal Mountain Road and Mountain Creek Road.
The store will offer a new layout for Aldi that the company said provides an improved in-store experience and features additional refrigeration space to accommodate more fresh, healthy and convenient products.
"Everyone deserves great food at affordable prices," said Troy Marshall, Aldi vice president for the company division that includes Chattanooga, in a statement. "Aldi stores are designed with shoppers' time and money in mind."
To mark the store opening, Aldi will host a ribbon-cutting ceremony at 8:45 a.m. followed by a "Golden Ticket giveaway" offering gift cards to the first 100 customers. Shoppers can also sample Aldi-exclusive brand foods and enter a sweepstakes for a chance to win a year's supply of Aldi produce, the company said.
The new store location at 680 Signal Mountain Road takes up part of a former Kmart site, which sits on a 9.5-acre parcel.
Earlier plans called for building nearly 20,000 square feet of new construction for the Aldi with the job valued at $1.1 million.
A Tractor Supply Co. store opened a few weeks ago on the other side of the Signal Mountain Road tract. Based in Brentwood, Tenn., that retail chain offers products for home improvement, agriculture, and lawn and garden maintenance as well as livestock, equine and pet care goods.
For the past several years, the former Kmart building had been home to B&B Discount Sales.
The Aldi store is a new entry to the grocery mix in that area of the city. Both Food City and Wal-Mart are located nearby on Signal Mountain Road. A Save-A-Lot store sits not far away in Red Bank.
In 2017, Aldi announced a plan to ramp up U.S. expansion with a goal of 2,500 stores by the end of 2022, which includes the new unit. The company planned to invest $3.4 billion.
With this growth, Aldi will be the third largest grocery store by count in the U.S. and serve more than 40 million customers per month, according to the company.