Posted on 06/16/2017 3:06:06 PM PDT by 2ndDivisionVet
Competition in the U.S. grocery sector is about to get more fierce.
Discount grocery chain Aldi is expected to unveil on Monday plans to invest $5 billion to open nearly 900 stores and remodel hundreds more in the U.S.
The expansion, over the next five years, puts the German grocer on track to becoming the third-largest food retailer in the U.S. by store count, behind the larger Wal-Mart Stores Inc. and Kroger Co., and a growing threat to traditional food retailers.
Aldi said it is expected to have a total of 2,500 locations across the U.S. by 2022. Its plan comes as another German discounter, Lidl, is set to open its first 10 stores in the U.S. on Thursday as part of a multiyear expansion.
Executives at Wal-Mart and Kroger have been preparing for the growth of the discounters for years. Wal-Mart has been sprucing up its stores and slashing prices on some products in select markets, while Kroger continues to drive down costs to compete.....
(Excerpt) Read more at foxbusiness.com ...
Yes 100% credit cards because they are better protected against fraud than debit cards, and I get 5% credit from GM when buying a new car. I just bought a new 2017 Spark and received $3500 deduction after making my best deal.
Aldi, Walmart, Fred Myer, Safeway....all accept credit cards. And I always pay full bill each month, so there are no interest charges.
The enterprise was founded in 1958 in California by Joe Coulombe. In 1979, Theo Albrecht of Aldi Nord bought it.
From the Wikipedia:
Trader Joe's is named after its founder, Joe Coulombe. The chain began in 1958 as a Greater Los Angeles area chain of Pronto Market convenience stores.[10] The original Pronto Markets were so similar to 7-Eleven that Coulombe felt the competition with 7-Eleven would be ruinous.[11]
Coulombe is said to have developed the idea of the Trader Joe's South Seas motif while on vacation in the Caribbean.[12] The Tiki culture fad of the 1950s and 1960s was fresh in the cultural memory, and Trader Vic's was at its height with 25 locations worldwide. He had noticed that Americans were traveling more and returning home with tastes for food and wine they had trouble satisfying in supermarkets of the time.
The first store branded as "Trader Joe's" opened in 1967. This store, on Arroyo Parkway in Pasadena, California, remains in operation. In the first few decades of operation, some of the stores offered fresh meats provided by butchers who leased space in the stores. Trader Joe's at one time had sandwich shops, freshly cut cheese and freshly squeezed orange juice.
Germany's Theo Albrecht of Aldi Nord bought the company in 1979 as a personal investment for his family.[7] Coulombe was succeeded as CEO by John Shields in 1987. Under his leadership the company expanded beyond California, moving into Arizona in 1993 and into the Pacific Northwest two years later.[2] In 1996, the company opened its first stores on the East Coast: in Brookline and Cambridge both outside Boston.[2] Shields retired in 2001 when Dan Bane succeeded him as CEO after being the President of the Western Division. When Bane became CEO there were 156 stores in 15 states.[13]
Why would you ever use a debit card when credit cards are available?
A debit card is a direct line to your bank account, whereas a credit card puts the card company between you and the merchant. If the merchant cheats, you can institute a charge-back. If the card company decides you are right, you get credited, and the merchant gets debited plus a fee. Of course, most merchants know that and will make things right without a charge-back.
Just as there are flightless birds, there are flightless drones.
I am a costco executive member. Costs me about $125 a year. I buy enough stuff there that I get back around $300 a year. So negative cost to me plus i use their cash back Visa card. I get back between $600-$700 from that annually. I also buy top quality TVs and Tires there. I love Costco. Plus I don't need to fumble for a quarter going to the store for a cart.
I love Meijer’s. They have the best produce as far as choice.
Your talking point free market lecture is foolish in the case with foreign “competitors”.
Low profit margin US companies are at a huge disadvantage when invading foreign companies are subsidized by governments:
Discount giant Aldi ‘took government subsidies’ - The Local Germany
https://www.thelocal.de/20120507/42395 Proxy Highlight
May 7, 2012 ... German discount supermarket giant Aldi, which has consistently ... the richest men in the country, has been taking government subsidies to ...
Lidl has received almost $1bn in public development funding ...
https://www.theguardian.com/business/2015/jul/02/lidl... Proxy Highlight
Jul 2, 2015 ... Discount supermarket chain owned by one of Germany’s wealthiest families ... These public institutions, funded by taxpayers and owned by governments, ....
Ontario government gives IKEA $685,000 per year in solar power ...
https://winteryknight.com/2010/10/08/ontario-governme... Proxy Highlight
Oct 8, 2010 ... Each year, IKEA will receive $684,408 under Premier Dalton ... The government’s regulator, the Ontario Energy Board, has ... One thought on “Ontario government gives IKEA $685,000 per year in solar power subsidies”.
Sunday Poll: After Millions in Tax Incentives, Has IKEA Been A Net ...
www.urbanreviewstl.com/2016/10/sunday-poll-after-mill... Proxy Highlight
Oct 23, 2016 ... It has now been over a year since IKEA opened for business and it appears to be ... The vote also backed a separate $5.1 million subsidy for a residential .... expect to receive significant tax incentives from the government?
Enjoy your colorful EuroTrash furniture and 1500 food items, globalist drone..
American cars are so much better in quality, since the Japanese & German car invasion. Bring on the COMPETITION. Protectionist fools are either lazy, stupid, or both and are no different than the union goons, where merit takes a back seat and only seniority counts.
Aldi was around in 1962 in Chicago, and I remember shopping there. It was a totally different concept then. I like the new version much better.
Yes, Costco is certainly a good option based on your family needs, location of store, etc. Our children are grown and gone, and we eat out almost everyday. So bulk foods buying is not compatible. Besides, we can always tag along with friends who are members, to buy certain items and pay cash.
Great information...thanks for posting.
Publix has the best Canoli’s! We stop there to visit restrooms after a walk on the Vilano beach, because it is very close from the beach and has clean restrooms.
International grocery store Lidl opens in Hampton Roads
There is an Aldi close by too, I have yet to shop in either store. I'll have to take a look.
Of course, it only makes sense to use credit cards if you pay the balance off each month, as you pay interest on any carryover balances. Debit cards/cash are for people who aren't as disciplined with their money.
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