Felix Hoffmann’s Post

🇩🇪 Aldi reaches a record of €112 billion in global sales Discount Retail Chains Aldi South and Aldi North, excluding Trader Joe's, increased their combined global sales by 8.7% to 112 billion euros in 2023, setting a new sales record. According to a company spokesperson, AldI North achieved total sales of 29 billion euros, an increase of around 7.5 percent (2022: 27 billion euros). ALdi Süd even posted sales of 83 billion euros (2022: 76 billion euros). Even though both regions are legally independent companies, they are usually seen as one company by the public, also due to their close business connections. Aldi Nord's gross sales in Germany are expected to have risen by 6.6 % to around 15 billion euros in 2023. Aldi Süd also reports a very good sales development and was able to gain further market share. Aldi now operates a total of around 12,000 stores worldwide. Read more: https://lnkd.in/eUFezN5R #smartdiscount #aldi #germany #growth #development #aldisüd #aldinord #global #revenue #sales #fy2023 #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

🇩🇪 Aldi wants higher sales, lower prices, smaller stores Discount Retail Chain Aldi Nord recorded a 7.5% increase in sales last year, thanks to its international expansion. The German discounter does not have large profits, but this does not prevent the retailer from focusing on prices. - Aldi will pursue a more aggressive pricing policy. After years of reorganization and modernization, which have put promotions on the back burner, the discounter finally wants to be a discount store not only in name. - Now investments are starting to pay off, and profits in 2023 have increased significantly. Read more: https://lnkd.in/ejDr6wB4 #smartdiscount #germany #aldi #nord #roi #revenues #pricing #profit #storesize #growth #expansion #development #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

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🛍️ #Aldi in the U.S.: The Discount Retailer's Rapid Rise Across the Atlantic! 🔍 Discover the newest insights from our colleague Marlene Saal on the growth of the German retailer in North America. 💡 At KnowledgeAgent GmbH we provide tailored analytical insights for retail businesses. Our experts focus on key areas like grocery retail trends, competitor analysis, tech solutions, and expansion strategies. Let's connect to explore how we can support your strategic goals in the retail sector. #MarketAnalysis #StrategicInsights #RetailStrategy

ALDI Nord Group reported a 7.5% sales increase last year, driven by strong international expansion and renewed focus on its core value – affordability. 🔄 Back to Basics After years of reorganisation, Aldi Nord is once again prioritising low prices. This strategy has led to significant profit growth in 2023, according to Lebensmittel Zeitung. 🌍 Global Performance Aldi Nord achieved positive EBIT across all markets, helped by owning several properties. The company exited Denmark to cut losses but continues to face challenges in France and invest heavily in Germany. 📈 Impressive Growth Net sales reached €29 billion, outpacing market trends and gaining share in all regions. Germany remains a powerhouse, with each store generating over €6.2 million in net sales. 🏬 Future Expansion In 2024, Aldi Nord plans to open 200 new stores, including 60 in Poland. The new locations will be smaller and more efficient, focusing on private labels and a streamlined product range. #RetailGrowth #AldiNord #GlobalExpansion #DiscountRetail Photo by M. Rennim on Unsplash

🇺🇸 Aldi's strategic expansion initiatives Discount Retail Chain Aldi's extensive expansion plan in the US is strategically designed to reinforce its market presence and challenge Lidl's growth. Allocating a substantial US$9 billion investment, Aldi aims to add 800 new stores to its current count of 2,360 locations by 2028. This includes the conversion of nearly 400 Winn-Dixie and Harvey supermarkets in the southeast, along with the addition of new locations in California and Phoenix, Arizona. Simultaneously, in response to Lidl’s fierce regional competition in Great Britain, Aldi has disclosed an investment program of half a billion British pounds to bolster its retail network this business year. These aggressive expansion strategies substantiate Aldi's commitment to securing a stable position in key markets and potentially offsetting Lidl's advances. Read more: https://lnkd.in/ecAg5kHm #smartdiscount #aldi #expansion #lidl #usa #uk #investment #growth #store #competition #drc #discount #retail #consulting #discountretail #discountretailconsulting #retailconsulting #google

🚀 Business Lesson: The secret to Aldi's success 🛒 Ever wondered how Aldi became a retail giant known for its quality products and unbeatable prices? Here’s a peek into their winning strategy: Efficiency in operations: Aldi's streamlined operations keep costs low, allowing them to offer competitive prices without sacrificing quality. Their no-frills approach to store design and limited product selection maximizes efficiency 🔄. Private label strategy: Aldi's focus on private-label products enables them to control quality and pricing while offering unique items not found elsewhere. By reducing reliance on national brands, they maintain greater control over their product offerings 🏷️. Focus on value: Aldi prioritizes value above all else, catering to budget-conscious consumers without compromising on quality. Their commitment to providing high-quality products at affordable prices builds trust and loyalty among customers 💰. Innovation in retail: Aldi constantly innovates to stay ahead in the retail landscape. Initiatives like expanding their organic and gluten-free product lines, investing in digital shopping options, and introducing new store formats keep them relevant in an ever-changing market 🌟. By staying true to their principles of efficiency, value, and innovation, Aldi continues to thrive in the highly competitive retail industry. #22tb #22tribes #Aldi #BusinessLesson

Why is Aldi and Lidl’s growth slowing? 📉 Aldi delayed their expansion plans to open 500 new UK stores 📉 Last year, Lidl halved its annual opening rate, from 50 to 25 stores. As neither brand reports like-for-like sales or profit guidance, a clear picture is hard to decipher but a combination of recent data points indicates a change in pace. - Aldi may have seen negative like-for-like sales volumes in the key December period (Shore Capital director Clive Black). ↪ And their share of supermarket sales fell from its 10.2% peak in September 2023 to 9.8% in March (Kantar) - In September, Lidl saw a £76m pre-tax loss for the year to February 2023 despite sales soaring. The key reasons: 📍 Profitable location saturation Growth naturally comes harder to come by once the big stores in cheap stores are taken. They have broadly saturated the North and Midlands, at which point it becomes much harder to trade profitably at low margins in more premium areas, particularly in the South. 🏷️ Traditional grocers have learnt from past mistakes They are far more geared up and wired into the importance of price now than they were during the last economic crisis. A deeper understanding of consumer price sensitivity has led to the grocers investing heavily in price to narrow any material difference in key lines, now a key internal measure they constantly challenge themselves on. ⚖️ Adapting their route to growth Reaching the maturity phase means they’ll naturally focus more on like-for-like sales. I believe this new focus will mean adapting their proposition to get more out of what they've got rather than adding new stores which could further narrow the differentiation between the discounters and the grocers. 🥪 The big bite of the lunch has largely been taken now 🥪 Whilst there is still headroom to grow, the impact that they've had on the traditional grocers will become more stable and predictable than what it has been over the last 5-10 years. The discounters are clearly here to stay, but as they adopt their proposition and trade in locations that are harder to make profitable, their impact on the retail landscape will, if not diminish, at least level out. Retail Gazette #grocerymarket #UKdiscounters #discountretail #ukretail #uksupermarkets #discountsupermarkets #UKgrocery

Price matching....... what are your thoughts? 🏪💷💷 Last week Morrisons announced that they are starting to price match against Aldi UK and Lidl GB on over 200 products, joining the other Top 4 chains in partaking in some form of price matching with the two discounters. This is good marketing and brings added attention to the retailer in the fight for market share in this cost of living economy along with reducing prices for the consumer. Which for us customers, can only be good news. However, is it just me who thinks that these price matches just highlight that the Top 4 are charging more for their products, and if you want the best prices, you are betting off just going to Aldi or Lidl in the first place? I would love to hear what you think about this, please comment below. #pricematch #discounters #groceryretail #fmcgnews #aldi #lidl

Aldi saw its market share slide in the last quarter, while Lidl, M&S and Ocado snapped up its losses, industry data revealed. In the three months to April 20, 2024, Aldi saw its portion of the industry slip backwards from 10.8% in 2023 to 10.4%, NIQ data showed. Mike Watkins at NIQ said: “The early Easter brought forward some spending to March so weekly growths in April were impacted. This in turn exaggerated some of the slowdown in growth which we were already seeing.” Meanwhile, its fellow German discounter Lidl lifted its market share to 8.2%, while Ocado and M&S saw their edge slightly higher. It comes after Aldi experienced a weak 1.3% jump in sales compared to Lidl’s 9.5% rise, however, both held onto their positionings as the fourth and sixth largest supermarkets respectively. Earlier this week, Lidl said it would be expanding its estate in the UK by opening hundreds of new supermarkets, aiming to take its... More at #Proactive #ProactiveInvestors http://ow.ly/oJfm105ruHm