ALDI Company Description
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.
View the Comprehensive Company Description for ALDI
The Company Description provides a historical perspective of ALDI's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of ALDI's evolution in the marketplace.
