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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 about 9,000 stores worldwide? By offering deeply discounted prices on about 1,400 popular food items (a typical grocery store has 30,000). ALDI (short for "Albrecht Discounts") buys cheap land mostly on city outskirts, builds cheap warehouses, employs a tiny staff, and carries mostly private-label items, displaying them on pallets rather than shelves. ALDI has about 1,000 stores in some 30 US states, but Germany (where ALDI has a network of some 4,200 stores) accounts for about two-thirds of sales. Brothers and co-founders Theo and Karl Albrecht own the company.
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| | | Contact Information | |
Address: |
Eckenbergstrasse 16, Postfach 13 01 110
45307 Essen, Germany
| | Phone: | +49-201-85-93-0 | | Fax: | +49-201-85-93-31-9 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 65700.00 M | | Revenue Growth (1 yr): | 36.90% |
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Key People
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Co-Chairman:
Theo Albrecht
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Co-Chairman:
Karl Albrecht
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CEO, ALDI Nord:
Theo Albrecht Jr.
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