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Industry Center > > ALDI Group Company Profile
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ALDI Group Company Profile
ALDI keeps it cheap so shoppers can, too. How has discount food retailer ALDI Group become one of the world's biggest grocery chains, running more than 10,000 stores worldwide? By offering deeply discounted prices on some 2,000 popular food items (a typical grocery store has 45,000). ALDI (short for "Albrecht Discounts") buys inexpensive land mostly on city outskirts, builds simple warehouses, employs a modest staff, and carries mostly (95%) private-label items, displaying them on pallets rather than shelves. ALDI has more than 1,200 stores in 30-plus US states, but Germany (where ALDI has about 4,300 stores) accounts for about two-thirds of sales. ALDI was co-founded by the late Karl and Theo Albrecht.
Headlines for ALDI Group
Aldi UK Profits Soar 65% to £260m
- Mon Sep 29
Aldi and Lidl Well Ahead in the Race to the Bottom
- Mon Sep 29
Budget Chain Aldi Sees Profit Boom In Britain
- Mon Sep 29
Tesco scraps profit outlook as accounting black hole deepens
- Thu Oct 23
Tesco chairman resigns as profits error deepens
- Thu 5:30 pm ET
Tesco chairman resigns over profits fiasco
- Thu Oct 23
Booming Aldi planning more stores
- Mon Sep 29
Bond investors take fright at Tesco's fall from grace
- Fri 1:52 pm ET
Morrisons makes price match move
- Thu Oct 2
FTSE dips over Hong Kong protests
- Mon Sep 29
Contact Information
Address: Eckenbergstrasse 16
45307 Essen, Germany
Financial Highlights
Fiscal Year End:December
Key People
VP Purchasing: Joan Kavanaugh
Industry Information
Top Competitors
Lidl Dienstleistung GmbH & Co. KG
Wal-Mart Stores, Inc. (wmt)

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