Aldi US expansion
Reuters reported that German-owned discount supermarket Aldi is rolling out scores of new products in the US, in an aggressive push to expand in the country even as rivals are struggling in a drawn-out price war. Traditional grocers such as Walmart and Target have been slashing prices to win back the shoppers they've lost to Amazon.com and other online retailers. Surging commodities and transportation costs are also forcing companies that supply retailers with packaged goods to raise prices. Aldi, whose products are 90% private label, is far less exposed to these rising costs, which enables the grocer to pursue a plan to expand its US chain from 1,600 stores in mid-2007 to 2,500 by the end of 2022.