Word: aldis
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Experts across the country are exploring a range of potential solutions to the urban health crisis, including creating neighborhood gardens and courting chains like Aldi, Family Dollar and even Wal-Mart to fill the void created by food deserts. But the supermarket industry suffers from especially tight profit margins and is thus particularly risk-averse, so supermarkets' entry into low-income neighborhoods has been slow. Furthermore, many low-end chains are hardly bastions of fresh, healthy produce and meat. (Read a story about Aldi, a grocer for the recession...
Another key thing we are finding is that there are people in the parking lot of Trader Joe's and ALDI, and Goodwill and the dollar stores, that were never there three years ago. The demographic profile of people willing to shop down is expanding...
...Enter Aldi, that spartan bastion of private-label goods where brand names like Coke and Betty Crocker have largely been banished for being too pricey. Aldi concentrates on selling core high-volume grocery products like ketchup and coffee. Want a choice in those categories? Forget it. By offering a single brand in a single size, Aldi executives say, the chain can substantially undercut conventional retailers on 90% of the products it sells...
...German-owned Aldi--short for Albrecht Discount--arrived in the U.S. in 1976, hoping to replicate a business model that had been wildly successful in Europe. With U.S. food inflation then in the double digits, the company's timing couldn't have been better. Aldi was one of the first so-called box stores, achieving rock-bottom pricing by offering a limited inventory and squeezing out all unnecessary costs, from in-store butchers to fancy displays. No credit cards or checks are accepted. And at any given time, there are no more than five staffers inside an Aldi store...
...Prior to the economic slowdown, we were prospering," says Jason Hart, president of Aldi U.S., based in Batavia, Ill. And now? "We're certainly getting a lot more attention." The privately held company generated an estimated $5.8 billion in U.S. sales last year, up from $5.3 billion in 2006, according to trade journal Supermarket News. Aldi now has about 950 stores in 29 states and plans to open more than 100 stores in the next two years in Connecticut, Missouri and Texas...