<[EMAIL PROTECTED]> wrote:
> --- In [email protected], TurquoiseB <no_reply@>
> wrote:
> >
> > I haven't bought anything from either of them in
> > years. Does that mean I've been weaned from Mom's tit? :-)
>
>
> No, just that -- at least in the case of Wal-Mart -- you're
> probably paying way more than you should have to.
>
> Of course, I understand that there is a "European Wal-Mart" called
> Aldi. Have you ever shopped there?
>
> Aldi bought one of my favourite retail outlets here in the States:
> Trader Joe's. And if that is any indication of how they do
> business, they must be a great outfit!
Aldi is a comglomerate. They run their own stores,
which tend towards warehouse-vibe retail of food
and some consumer items, the latter priced low as
loss leaders. They're about on the same level as
a Sam's Club in America, but with a far smaller
inventory. The stores tend to be the size of a
drugstore in America, not a supermarket.
As I understand it, they are planning to move into
America, and Wal-Mart's uneasy about that, because
Aldi turns a higher profit in Europe than Wal-Mart
does in America, but while incurring fewer bad
vibes from the public. Probably a force to watch
if you play the stock market.
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