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Aldi (stylised as ALDI [6]) (German pronunciation: ⓘ) is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. [7] [8] The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen.
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(Sold to Anchorage Capital Partners on 27 September 2012, as part of the Dick Smith chain of stores.) Tandy – Tandy brand is now phased out, and have become smaller Dick Smith stores. Masters Home Improvement – In 2009, Woolworths announced a joint venture with US home improvement retailer Lowe's to enter the home improvement market. [28]
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Aldi has a low-cost business model and boasts that its prices are up to 50% cheaper than traditional supermarkets. At around 12,000 square feet, its stores are much smaller than a typical US ...
The company's expansion continued throughout the mid-20th century. In 1932, Jewel acquired the Chicago unit of the Canadian firm Loblaw Groceterias, Inc., then a chain of 77 self-service stores, [11] as well as four Chicago grocery stores operated by the Middle West Stores Company, and began operating them under the name Jewel Food Stores. [12]
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