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Wednesday, April 16 2014 6:17pm ET - U.S. Markets Closed.
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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 9,800 stores worldwide? By offering deeply discounted prices on more than 1,400 popular food items (a typical grocery store has 30,000). 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 brothers Karl and the late Theo Albrecht.
Headlines for ALDI Group
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- Wed 5:02 am ET
Supermarket Tesco reports profit setback, focuses on Asia
- Wed 3:16 am ET
Tesco profits drop 6%, eyes Asian growth to offset Europe woes
- Wed 3:20 am ET
British grocers struggle as German discounters expand
- Tue Apr 8
Tesco to step up price cuts as CEO defies pressure to quit
- Wed 8:37 am ET
I stay, says under-fire Tesco boss
- Wed 6:01 am ET
Tesco's problems mount as profit set to fall again
- Fri Apr 11
Tesco finance chief 'set to quit'
- Fri Apr 4
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- Tue Mar 18
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Contact Information
Address: Eckenbergstrasse 16
45307 Essen, Germany
Financial Highlights
Fiscal Year End:December
Industry Information
Top Competitors
Lidl Dienstleistung GmbH & Co. KG

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