Word: supermarket
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...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...
...Privately, bankers and businessmen warn of a lack of currency to import food and the failure of local producers to replace imports. The supplies of foodstuffs available on Moscow supermarket shelves are shrinking as importers struggle to raise credit to replenish their stocks. Even the vodka has disappeared from the shelves of my two village stores - they can't raise credit to pay their supplier. And at least two major national alcohol producers have recently folded...
...Friday afternoon at Key's alma mater, psychology student Michael Hempseed is rushing off to his part-time supermarket job, while elsewhere on campus a large portion of the student body has begun a raucous, migratory end-of-semester party. The days of universities as hotbeds of political dissent are over - in New Zealand, at least. Generally speaking, the main concerns of today's students are drinking and study - in that order, says Hempseed: "It feels like we're missing out on something." The 23-year-old will be voting Labour for two reasons. One, the economy will need special...
...time appears ripe for deep-discounters, and Aldi is on an expansion tear. Last year, Aldi generated some $5.8 billion in U.S. sales, up from $5.3 billion in 2006, according to Supermarket News, an industry journal. It 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. The company will have opened 100 new stores by the end of the year, double the number opened last year. Aldi is also making a big push into central Florida, including cities like Sanford. The city...
...grand opening of an Aldi store in downtown Sanford, next to one of Seminole County's largest shopping centers. Now he's hoping other grocers will follow Aldi's lead. "There's really no equivalent at the moment," he says. Deep discounters like Aldi can challenge both conventional supermarket chains as well as Wal-Mart, America's largest grocer. Indeed, Wal-Mart ultimately found it too hard to compete in Germany, where deep-discounters are firmly entrenched, and left...