Karl Albrecht obituary: Aldi co-founder dies aged 94 July 21, 2014 Karl Albrecht, the billionaire co-founder of the Aldi discount supermarket chain, died on Wednesday 16th July, aged 94. The growth of Aldi, the name of which is a contraction of Albrecht Discount, made Karl Germany’s richest man, and 24th richest in the world, with an estimated fortune of $25.9bn (£15.2bn), according to Forbes. Karl, who [...]
Aldi and Lidl to grab more sales from supermarket stores June 30, 2014 The amount of money spent at Britain’s larger supermarket stores is set to shrink over the next five years, new figures show, as competition from discounters, convenience stores and online gathers pace. According to research released yesterday by the industry body IGD, the value of the UK grocery market is set to rise by 16 [...]
Aldi aims to double its UK stores to 1,000 June 16, 2014 Aldi aims to double the number of UK stores to more than 1,000 by 2021, as the cut-price supermarket looks to build more momentum among British shoppers. “For the foreseeable future, 65 new stores a year is not out of the question. We are opening 55 this year. We think 1,000 stores is an absolute [...]
Brand Index: Price-conscious shoppers are feeling festive about Aldi October 1, 2013 ALDI has been on the rise this week. The discount grocer said its pre-tax profits had more than doubled in 2012, and during the year it attracted 1m additional shoppers. The company also revealed that it is launching a new own-brand line of cut-price luxury foods in time for the Christmas season. Aldi has a [...]
Aldi’s extra 1m customers help double profits September 30, 2013 DISCOUNT supermarket chain Aldi said yesterday it more than doubled its profits in the UK last year, as it lured more than a million shoppers from more upmarket rivals and grabbed a bigger share of the market. The German group, which will open its 500th UK store next month, posted a pre-tax profit of £157.9m [...]