Posted on 05/14/2017 10:53:38 PM PDT by Berlin_Freeper
German discount supermarket chain Lidl is set to open its first set of U.S. stores this summer, raising the stakes for American grocery chain operators who have been caught in an intense price war.
Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year.
Lidl's entry comes at a time when Wal-Mart Stores Inc (WMT.N) is running price tests in 11 states, pushing vendors to undercut rivals by 15 percent. The world's biggest retailer is expected to spend about $6 billion to regain its title as the low-price leader, analysts said.
Another rival, German discounter Aldi Inc, is aiming for prices 21 percent below its U.S. competition and is aggressively expanding its presence.
Lidl and Aldi have already upended Britain's grocery retail market, hurting incumbents like Tesco Plc (TSCO.L) and ASDA, the British supermarket arm of Wal-Mart.
(Excerpt) Read more at reuters.com ...
Good term Wegman cult.
They have one near us, only been there once. It’s trendy AND superficial.
Flame away cultists.
Wal Mart is racist against white subcontractors.
I love Aldis.
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